Personal Taxes

as much as 40% of younger beneficiaries threaten to pay extra revenue tax – CVBJ

Help with access to rent

The Ministry of Finance’s technicians warn that the situation at the Zapatero check could repeat itself and therefore demand that the measure be configured as a net grant and exempt from taxation

Two young people walk in front of a real estate agency in Madrid.



Updated on Wednesday, November 3rd, 2021 – 02:17 am

The housing voucher is one of the most important measures the government takes to solve rental problems in Spain. Thousands of young people are waiting to know the requirements they need to meet to qualify, but what many of them don’t know is that it is helping one tax costs that you did not expect.

It happened with the rental check from Jos Luis Rodrguez Zapatero (who is now the inspiration for the measure) and the Financial Technicians Union (Gestha) warns that the situation could repeat itself on this occasion. They also set up a number: up to 37.9% of the potential beneficiaries of the check may have to pay tax expenses to receive it. And when you consider that the executive branch estimates that the total number of beneficiaries is around 70,000, it turns out that this fiscal threat is haunting 26,500 young people.

Basically, the bond is available as a Help of 250 euros per month for two years for people between 18 and 35 years of age with an employment contract and a maximum annual income of 23,725 euros. Von Gestha they declare that the Income Tax Act requires the submission of the declaration if a person earns income without withholding treasury bills, grants to purchase VPO, or valuation and public grants (capital gains unless the exemption is declared). with the minimum rate of 1,000 euros per year.

“This obligation to declare arises with this housing guarantee even if there is no income from work or if it does not exceed 22,000 euros per year [o los 14.000 cuando proceden de ms de un pagador]. So with four payments of the bond in question [que sumaran los 1.000 euros] it is necessary to provide the young payee with the personal income tax return. This does not mean that you have to pay the Treasury Department in all cases, “he details” Carlos Cruzado, President of the Gestha.

In this way, and according to Gestha’s approximate estimate on the basis of national tables, 62.1% of potential housing voucher beneficiaries will have no tax implications for income tax due to their low income. On the contrary, there may be tax costs and therefore they will need to file the personal income tax return, almost 40% of the remaining potential beneficiaries, if they need to add this bonus to their remaining annual income.

In this last group, a good number of taxpayers will also have to assume that significant increase in income tax payments. If you have a full salary of 15,579 euros a year and receive the bonus, according to Gestha, the non-payment will decrease to a total of 848.7 euros, as the assessment base is from 7,017 euros to 10,017 euros.

The contribution increase is 781.1 euros with a full annual salary of 21,600 euros and 899 euros with an annual salary of 23,700 euros.

Net aid and exempted aid

In order to avoid this situation and in view of the controversy that arose years ago, the Gestha will propose to the Treasury Department that the loan be approved as a Net grant (although it means a lesser amount for the recipients) and tax exempt.

In the Ministry of Finance they point out to EL MUNDO that they first have to see “how the measure is formulated”, although they are clear that “aid is taxed by definition”. That is, in no case do they consider that the measure can be exempt from taxation. “As with the Scrapping scheme or for any other measure, this type of aid is always taxed, “Ministry sources under the auspices” Mara Jess Montero.

However, this threat that up to 40% of young people eligible for housing benefit will have to pay more income tax will be a new source of trouble for the Treasury Department, which in recent days has seen the Constitutional Court with capital gains tax. Problem in this case by the Discomfort that this hidden payment obligation lead to one of the key measures of the General State Budget (PGE) 2022 project.

Added to this is the tax harmonization between the municipalities sought by Montero, which is rejected by the regions chaired by the PP and in particular by the Autonomous Community of Madrid, which guarantees tough confrontation. And of course the ambitious tax reform that the CFO wants to develop on the recommendation of the committee of experts, a document that will arrive in February. As soon as their proposals are known, the government plans to increase taxes and take new measures to increase revenue in very remarkable ways. How much? Montero always points out that there is a difference to Europe of “between seven and eight points of GDP”, and that would be up to 90,000 million euros.

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