‘We are all the Treasury’, yes, but not all taxpayers have to present, at least, the Income statement. For this campaign, so particular due to the presence of or , there are certain groups exempted from this procedure with the Tax Agency.
It is the Tax Agency itself that determines who is obliged to present the declaration. There are two factors to take into account: the level of annual income and the nature of the income received.
Taxpayers only with earned income
In first place are the taxpayers who have exclusively received income from work. This includes salaries, pensions, passive assets, compensatory, annuities for food… and they have a series of limits that, if they are not exceeded, make it not mandatory to present the Income.
-If they have had only one payer: all taxpayers below 22,000 euros gross per year are exempted, if they wish, from making the declaration.
-If they have had two or more payers: taxpayers with income of less than 14,000 euros are not required, although this limit amount goes to 22,000 as long as the second payer does not reach 1,500 euros.
-If they have received compensatory pensions from the spouse, annuities for non-exempt food, work income subject to a fixed rate of withholding or the payer is not obliged to contribute, the limit for not submitting the declaration is 14,000 euros.
Taxpayers only with income from movable capital and capital gains
This section includes dividends, interest from accounts, deposits or fixed account values, the aforementioned capital gains from investment fund redemptions or contest prizes, in addition to any amount subject to withholding or payment on account… and must not be exceed 1,600 euros per year to be able to get rid of making the statement.
Taxpayers with imputed real estate income only
This includes income from movable capital not subject to withholding and derived from figures such as Treasury Bills, subsidies for the purchase of subsidized housing, capital gains from public aid… and have a limit of 1,000 euros per year.
In addition, the Tax Agency contemplates one more scenario: those taxpayers who, adding income from work, movable or real estate capital, economic activities and capital gains subject or not to withholding with a maximum of 1,000 euros per year, will not have to make the Income if they don’t want it. Neither are those who accumulate capital losses of, at most, 500 euros during the year.
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