Tax authorities do not know who lowered IRS withholding to compensate for the increase in credit – Taxes

The Tax and Customs Authority (AT) does not know how many workers asked their employer to reduce the monthly IRS withholding rate to face inflation and the rise in mortgage loans, according to the report this Tuesday. Public.

At issue is the possibility for employees with a salary of up to 2,700 euros gross to request from their company or public service for which they work that the monthly IRS charge be reduced to the “rate of the step immediately lower than that corresponding to the monthly remuneration and family situation”, in order to achieve greater monthly liquidity.

The measure was included in the State Budget for this year (OE2023) on the initiative of the Government. However, the law does not provide for any obligation to communicate this change to the Tax Authorities, which explains why the Government does not know whether the measure is taking effect and is unable to assess its effectiveness.

Source: Jornal de Negócios by

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