In the middle of the Income campaign, one of the concepts that we must be clear about in the first place is whether we are obliged to present the declaration since, otherwise, we can get into good trouble with the Treasury in the event of a fatal oversight.
This is how the limit of 22,000 euros works
At this point, there is a key figure that must be taken into account and must serve as a reference: 22,000 euros. Because? It is the minimum level of income that requires people to file the declaration.
no taxpayer is obliged to present the declaration if they have had in the 2020 financial year full income from work (including pensions and other passive assets such as those from abroad or compensatory pensions) less than those 22,000 euros, both in individual and joint taxation .
Nor will he be obliged to do so when he has two or more payers and the sum of the income from the second does not exceed 1,500 euros, nor can he exceed the aforementioned barrier of 22,000 euros per year. In the same case are pensioners whose only returns are passive pensions from two or more payers.
Out of these cases are the people who receive the Minimum Vital Income (IMV): to present the Income statement even if they do not reach the established minimum, since it is an essential condition to continue maintaining the benefit.
When does the limit of 14,000 euros apply?
In addition, there is another cap on income that means that people are not required to declare. If taxpayers have full income from work of less than 14,000 euros per year, they will not have to make the Income (if they do not wish) as long as any of these circumstances is met:
-When there are two payers or more and from the second pay more than 1,500 euros. This situation, since it includes the vast majority of those affected by Erte due to coronavirus: the State is the second payer and the taxpayer is obliged to declare as soon as that amount of payment passes.
-When compensatory pensions or non-exempt food annuities are received.
-When the payer is not obliged to withhold.
-When income is received subject to a fixed rate of withholding.
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