Phase 3: Determination of reduced net yield
General reduction for obtaining work income
Regulations Art. 20 Law Personal Income Tax
This reduction, which applies to taxpayers who obtain net income from work less than 16,825 euros , provided that they do not have income, excluding exempt income, other than income from work greater than 6,500 euros , will reduce the net income from work by the following amounts:
|(*) RNT = net income from work that will be the result of reducing the full income with the expenses provided for in letters a), b), c), d) and e) of article 19.2 of the Personal Income Tax Law (Back)
|Positive net return
|13,115 euros or less
|Between 13,115.1 and 16,825 euros
|5,565 - [1.5 x (RNT - 13,115)] (*)
The concept of income, excluding exempt income, other than income from work includes the algebraic sum of the net income (from movable and real estate capital, and from economic activities), income imputations and capital gains and losses computed in the year , without applying the integration and compensation rules. However, the returns must be computed for their net amount, that is, once expenses have been deducted, but without application of the corresponding reductions.
In the case of joint taxation of family units in which several of its members obtain income from work, the amount of the reduction will be determined based on the joint amount of the net income from work of all members of the family unit and, where applicable, of income other than work income, without multiplying the amount of the resulting reduction based on the number of members of the family unit receiving income from work.
Important : As a consequence of the application of this reduction, the resulting balance cannot be negative .