Introduction

Regulations: Art. 50 Law Personal Income Tax

Once the general tax base and the savings tax base have been determined, as a consequence of the income integration and compensation procedure discussed in the previous chapter, the general taxable base and savings taxable base must be determined.

The general taxable base is the result of making the following reductions in the general taxable base, exclusively and in this order, without being negative as a consequence of said reductions:

• Reduction for joint taxation (art. 84 Law Personal Income Tax ).

• Reduction for contributions and contributions to social security systems (art. 51 Law Personal Income Tax ).

• Reduction for contributions and contributions to social security systems established in favor of people with disabilities (art. 53 Law Personal Income Tax ).

• Reduction for contributions to protected assets of people with disabilities (art. 54 Law Personal Income Tax ).

• Reduction for compensatory pensions (art. 55 Law Personal Income Tax ).

• Reduction for contributions to the mutual social security of professional athletes (Additional Provision eleventh Law Personal Income Tax ).

The taxable base of savings is the result of reducing the taxable base of savings in the remainder, if any, of the reductions due to joint taxation and compensatory pensions, without it being negative as consequence of such decreases.

The process of determining these two magnitudes can be represented schematically as follows: