has ripped the Campaign for the declaration of Income 2021. The taxpayer’s calendar to make the declaration corresponding to the income obtained in the 2021 financial year, collect several for the 2021 Personal Income Tax and Wealth Campaign Key dates marked in red. In addition, this year there are some novelties, such as the increase in the tax for income from 300,000 euros and for assets of more than 10 million.
The income tax return, marked again by the coronavirus pandemic, can be submitted in several ways: online through the Tax Agency website, by telephone or in person.
For the presentation of statements onlinea medium that is already used by nine out of ten taxpayers, the campaign starts this week, specifically on Wednesday 6 of April.
If the taxpayer wants to prepare the return in a ordinarythe term will extend between June 1 and 30.
In case of choosing the via telephonethe first business day is May 5 and until June 30. In this modality, it is the Tax Agency that will contact the taxpayer.
What’s more, throughout the month of Junecoinciding with the ordinary period of the campaign, taxpayers will be able to present their declaration in person at the offices of the Tax Agency. With the result to be deposited and with direct debit, the term ends on June 27.
The main novelties of the IRPF of 2021 contemplate the increase of two points of the state type that taxes the earned income of more than 300,000 euros, up to 47%, and three points for capital income of more than 200,000 euros, up to 26%, which will affect a small number of 36,194 taxpayers (0.17%), with an impact of 491.4 million euros (144 million in 2021 and 346 million in 2022), according to estimates by the Ministry of Finance.
In addition, in 2021 the allowances for private pension plans individuals to 2,000 euros as a maximum contribution, while the joint reduction limit (participant and company) was raised from 8,000 to 10,000 euros in company plans to enhance business contributions and correct the “regressivity” of these benefits, according to the Government . The measure will provide a collection of 580 million in 2022.
Regarding the Wealth Tax, last year the Budgets introduced a 1% increase for assets of more than 10 million euros, h