Tax payers’ deductions will be reduced by two points on demand in order to bring into line the fiscal benefits obtained from Income Tax deductions applied to habitual residence purchase and mortgage fee payments. Thus, if a tax payer has been deducted 15% in his monthly payroll and he decided to apply for this measure, he will be deducted 13% from them on at the expense of the allowance he will be liable for when he presents the Income Tax Return. Thus, in 2009, citizens with lower income – between 1,700 and 2,000 Euros - will be applied lower allowances.
Beneficiaries
Workers and self-employed workers whose annual income is inferior to 33,000 Euros. According to official estimates, at least 3.5 million tax payers may benefit from this measure.
Development
It was approved of by virtue of Royal Decree 1975/2008, dated 28 November 2008. The forms for tax payers to communicate their decision to apply for this measure are available since last 18 December.
Further information
www.agenciatributaria.es
Telephone no.: 901 335533