The 2021 Income Statement has some modifications that it is good for you to know about when you have to do it. There are some changes that affect taxpayers and that must be applied in the declaration, between April 6 and June 30, 2022, the time established to honor the corresponding fiscal commitment. The important thing is to do it with the support of a good specialized agency, to save time and resources.
The Personal Income Tax (IRPF) is a tax that all Spanish citizens must regularize annually and that is the product of the declaration of income obtained. This declaration determines the tax fee that must be paid, which this year has varied slightly in some aspects. For the 2021 Income Statement, certain modifications must be applied that affect taxpayers in different ways, depending on their special characteristics and the income they register. For this reason, it is important that you review the parameter changes to see if they apply to your particular case and, thus, you can
up to date with this tax in a legal way and without problems. It is best to look for a good
income statement manager, which helps to carry out the corresponding calculations, according to the new parameters. With the good support of a professional consulting agency, greater peace of mind can be achieved, processes can be optimized and even less taxes can be paid, because the calculations are made based on the minimum allowed.
Most important changes
Among the modifications that have been made to the taxation scheme of the Income Statement, the following points stand out:
As for heritage: Those who have assets of more than 10 million euros must pay 3,5%, one point more than what they owed until last year. With a
tax return manager you can calculate how much is the new amount to pay according to the new adjustment.
high rents: income that is above 300.000 euros, have an increase of two points of personal income tax, which is an increase that reaches approximately 47%; and those over 200.000, is three points of income tax, which represent an increase to 26%.
Deductions: the implemented deductions are part of the innovations in the new tax scheme. They consist of 20% deductions in habitual residences, rental housing and residential buildings.
Cryptocurrencies: Those who have invested in this type of asset and have registered income of more than 1.000 euros, must declare the benefits, regardless of whether the investments have been made in Spain or abroad. This statement can be made online, with the support of a good
online income statement agency who is in charge of carrying out all the necessary calculations and procedures, so that everything is done correctly and you do not worry about everything.
Pension schemes: deductions for individual private pension plans are reduced to a maximum of 2.000 euros; and business plans increase their limit to 8.000 euros. In case of having both, they should not exceed 10.000 euros.
Always use professional consulting agencies
The changes in the new tax system are substantial and affect the amounts to be paid for personal income tax, which you must manage very well so as not to make mistakes or waste time, and thus avoid paying more than you owe. The most advisable thing is to seek advice from consulting agencies that do everything for you. you just have to know
that you need an agency to make the income statement and provide all the documents required, you do not have to do anything else. In this way, you will get rid of all the work that involves doing the calculations, searching for information, filling out forms and doing the procedures online; and thus you guarantee that everything will be fine, that
you will pay as little as possible in taxes and you will do everything on time, to avoid legal problems. There are many advantages that can be obtained when working with professionals.