Treasury Will Have to Raise More than 70% the SMI Deduction in the IRPF to Prevent It From Paying Taxes
4 Articles
4 Articles
In the Treasury they consider it likely that the Executive will approve a Royal Decree-Law that will update the current deduction in one of the Councils of Ministers before 29NThe minimum wage will increase by 5.3% to 1,286 euros per month The Government is studying to approve before the elections the increase of the deduction that exists in the IRPF for the recipients of the minimum wage interprofessional (SMI), so that the increase of 5.3% tha…
The government will raise the SMI by 2027 to 18,004 euros per year and adjust the income tax to ensure that it does not tax
The tax advisors estimate that the amount will have to be increased from the current 591 euros to more than 1,000 euros in order for the absence of taxation to be total. In addition, it would affect taxpayers with less than 23,000 euros of wage income.
The Government is preparing a new amendment to the income tax to ensure that workers who receive the minimum inter-occupational wage (SMI) do not have to pay IRPF in 2027. Treasury will increase the deduction that currently makes it possible to offset the taxation of the lowest income, from the current approximately 590 euros to an amount close to 1,030 euros a year. The adjustment is intended to prevent the wage increase foreseen for the next y…
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