Phase 3: Determination of reduced net yield
Reduction of returns under the special regime "XXXVII Copa América Barcelona"
Regulations: Thirty-sixth Final Provision Law 31/2022, of December 23
Individuals who acquire the status of taxpayers for Personal Income Tax as a result of their travel to Spanish territory on the occasion of the “XXXVII Copa América Barcelona” event, may apply a reduction of 65 percent on the amount of the net income from the work that they receive from the organizing entity or from the teams participating in the “XXXVII Copa América Barcelona”, during the celebration of said event and to the extent that they are directly related to their participation in it.
However, said income will not be considered obtained in Spain when it is received by natural persons who are not residents in Spain.
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 19,747.5 euros , as long as they do not have income, excluded the exempt ones, other than those for work exceeding 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 | Reduction amount |
|---|---|
| 14,047.5 euros or less | 6,498 euros |
| Between 14,047.5 and 19,747.5 euros | 6,498 - [ 1.14 x (RNT - 14,047.5 )] (*) |
New 2023: Please note that for the 2023 financial year, both the maximum amount of the reduction for obtaining work income has been increased (which goes from 5,565 euros per year to 6,498 euros per year) as well as the threshold of net work income that allows this reduction to be applied. (which rises from 16,825 euros to 19,747.5 euros).
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 .