The Madrid Government gives the go-ahead to deflate personal income tax with the support of Vox
The plenary session of the Assembly of Madrid has approved this Thursday, with the votes of PP and Vox, the deflation of the regional scale of the Income Tax on Physical Persons (IRPF), which will have its effects on next year’s income tax return. With this measure, approved by the single reading procedure -which shortens processing times and prevents the presentation of amendments and debate in committee-, it is intended to prevent taxpayers from paying more taxes if their salaries are increasedand thus maintain their purchasing power in a context of rising prices and inflation.
United We Can, More Madrid and PSOE have voted against of the measure and have lamented that the highest incomes will be the most favored. The deputy of United We Can Sun Sanchez has criticized that the deflation on the most frequent salary in Madrid, which is 23,000 euros, will only allow the taxpayer to save “26 euros a year”, and that the highest incomes will save “almost seven times more”. The deputy of More Madrid Eduardo Gutierrezfor its part, has questioned “the rush” of the Ayuso government to approve this measure by the single reading procedure, preventing “improvement” of the bill to limit the deflation of personal income tax to measured classes with incomes up to 35,000 or 40,000 euros.
the socialist deputy Fernando Fernandez Lara has considered it to be a “electoral pill” of Isabel Díaz Ayuso that it should be accompanied by a package of direct aid to all families and not “exclude many segments of the population”. According to data from the regional Executive, the measure will mean a savings of 200 million euros for Madrid taxpayers: 6.26% of the quota for a gross salary of 20,000 euros, 2.71% for a salary of 32,600 euros per year, and for a salary of 90,000 euros.
The Minister of Economy, Finance and Employment, Javier Fernandez-Lasquetty, of the PP, has highlighted that Madrid is the first community to approve the measure in 2022 so that the people of Madrid “do not have to pay more taxes”, in a context of rising prices and inflation of the current 7.3%. The Government of the Community of Madrid is committed to the deflation of personal income tax to modify all the regional rate brackets, which would make it jump from one tax rate to another and, therefore, would mean, according to the counselor, “a hidden rise in taxes” .
Likewise, he has criticized the fact that the central government “cheats with inflation” and raise taxes “through the back door”since thanks to this tax revenues have grown by 19%, 27,000 million euros more than in 2021. To establish the percentage on which the deflation will be made, the increase in the national ordinary salary cost of the second quarter will be taken as a reference of 2022, established at 4.1%, according to the Quarterly Labor Cost Survey prepared by the National Institute of Statistics (INE)
*The article has been translated based on the content of lainformacion.com. If there is any problem regarding the content, copyright, please leave a report below the article. We will try to process as quickly as possible to protect the rights of the author. Thank you very much!
*We just want readers to access information more quickly and easily with other multilingual content, instead of information only available in a certain language.
*We always respect the copyright of the content of the author and always include the original link of the source article.If the author disagrees, just leave the report below the article, the article will be edited or deleted at the request of the author. Thanks very much! Best regards!
For all the latest news click here
Denial of responsibility! HOS is an automatic aggregator around the global media. All the content are available free on Internet. We have just arranged it in one platform for educational purpose only. In each content, the hyperlink to the primary source is specified. All trademarks belong to their rightful owners, all materials to their authors. If you are the owner of the content and do not want us to publish your materials on our website, please contact us by email – at email@example.com The content will be deleted within 24 hours.