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How does having more than one payer affect the tax return?

Since last April, all taxpayers who pay taxes in Spain and who reach the minimum income have to report and…

By admin , in news , at May 29, 2022

Since last April, all taxpayers who pay taxes in Spain and who reach the minimum income have to report and submit to the Treasury Income Statement 2021-2022,

The general rule indicates that a person is exempted from performing this procedure if they are . earn less than 22,000 Euro per yearAs long as there is only one payer with the exception of the Basque Country, where this limit is set at 20,000 Euros.

In case of more than one payer, this limit is reduced 14,000 Euros if more than 1,500 Euros have been collected from another payer (or the sum of several payers other than the first).

The situations for which it is possible to have more than one payee in the same financial year can be: job changeSimultaneously work with others and stay in wait and work again in a company or vice versa.

and how these conditions affect Income Statement 2021-2022,

In general, having two payers shouldn’t be much different from having only one. However, it is more common than statement will pay you, This is usually because the second payer withholds personal income tax as if they were the only payer for the year without taking into account income from the other payers, so a lower withholding percentage applies.

What to do if you have two payers

Solve problems you may face tomorrow while presenting income tax return If we have more than one payee, it is very easy. We just have to voluntarily ask the company or companies in which we work ban relatedso that there would be no fear.

How does having more than one payer affect the tax return?

2022-05-29 07:05:00