These are the taxes that have risen in Spain in 2022: from 47% in the IPRF to 14.75% in the Registration Tax

This year has started with a tax increase of up to more than €3 billion.

There have been changes in the Company Tax regulations, in the payment of taxes on pension plans, in the registration tax and, lastly, in the Personal Income Tax (IRPF).

In addition, the year begins with a new regulation on the municipal capital gains calculation system.

The minimum rate of Corporate Tax will be 15% for those companies that invoice more than 20 million euros

The 70 percent of the 2022 tax increase has Spanish companies as its main protagonist. Companies have a tax increase of more than €2 billion, with the consequent effect on his stories.

The increase in tax pressure begins with the Corporation Tax. There has been an increase in the rate up to 15 percent for those companies that have a turnover above the €20 million or they are groups that consolidate accounts.

It is estimated that it will have an impact of €50 million in tax collection during 2022.

Personal income tax increases the withholdings of the highest incomes

Personal income tax has also been modified during 2022, since it affects the highest brackets of labor income and capital income.

This will affect around 36,000 workers and the affected incomes are those that are higher than 300 thousand euros which increases to 47 percent and those capital incomes there has been an increase those that are higher than 200 thousand euros which has had an increase 26 percent.

Contributing to the pension plan is hardly going to work anymore: alternatives to pay less taxes with the possible deductions
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Individual pension plans less and less attractive

Pension plans have had a decrease in 500 euros for those contributions made individually, which in 2021 was 2 thousand euros and this year goes to 1.500 euros.

Contributions from company pension plans have increased the deduction of 500 years, the opposite effect of pension plans that are carried out individually, which goes from 8 thousand euros in 2021 to 8.5 thousand euros in 2022. On the other hand, the tax benefits remain in 10 thousand euros per year.

During the last two years, the maximum contributions of the pension plans that are made individually have had a decrease of 6.5 thousand euros.

Increase in the registration tax for CO2 emissions

There is a new registration tax, which is linked to the WLTP homologation cycle. The average price of vehicles is increased by one thousand euros, due to greater pressure to reduce emissions and that will affect the sale of vehicles by 100 thousand cars.

Therefore, in 2022 those cars that emitted less than 144 grams of CO2 per kilometer did not pay registration tax. Now those cars that emit between 144 and 192 grams of CO2 are going to pay 4.75 percent of the tax.

Those cars that emit between 192 and 240 grams of CO2 will pay the 9.75 percent. Those cars that emit more than 240 grams of CO2 will pay the 14,75%.

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The municipal capital gain can be chosen between two different methods

The capital gains tax is a municipal tax, as is the case of the IBI, since they owe it pay people who sell a home, and is paid for the part of the profit obtained by transmitting that is supposed to be the revaluation of public land on which the house is built.

The tax base has recently been modified, since before the calculations were only made through the cadastral value of the land, which was applied to coefficients that changed according to the years that had passed from the purchase of the home to its sale.

The Treasury has gone on to offer two options for calculating the municipal capital gain, and they are the following:

  • Use the cadastral value of the land at the time the sale is made, applying new coefficients that are updated every year to reflect the evolution of the market.
  • The other method, using as tax base the real capital gains which is obtained from the difference between the value of the purchase and the value of the sale of the home. The rate set by the municipality will be applied to this result, and it must never exceed the 30 per cent.

Therefore, the seller will be able to choose the method that best suits him when paying the municipal capital gains, which in most cases will be by the second method.

The municipalities of each one of the benefits have the alternative of reducing the cadastral value of the land up to 15 percent, can only be applied to calculate the municipal capital gain, in order to get closer to the real estate reality.

Image | Nacho

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The news These are the taxes that have risen in Spain in 2022: from 47% in the IPRF to 14.75% in the Registration Tax was originally published in The Salmon Blog by Raul Jaime Maestre.


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