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Practical Income Manual 2023.

Other issues of interest

IPREM , legal interest, late payment interest and average annual salary of all taxpayers of Personal Income Tax

  • The amount of the Multiple Effects Public Income Indicator (IPREM) for 2023 is set at 8,400 euros, in accordance with the provisions of the ninetieth Additional Provision of Law 31/2022, of December 23, on General State Budgets for the year 2023 ( BOE of December 24).

  • The legal interest on money in fiscal year 2023 rises from 3 to 3.25 percent and the late payment interest referred to in article 26.6 of the General Tax Law increases to 4.0625 percent, in accordance with the provisions in the forty-second Additional Provision of Law 31/2022, of December 23, on General State Budgets for the year 2023 ( BOE of December 24).

    For 2024, the legal interest is maintained at 3.25 percent and the default interest at 4.0625 percent, which will be in force until the General State Budget Law for 2024 is approved and comes into force, which which as of the closing date of this Manual has not yet occurred.

  • The average annual salary of all personal income tax filers remains at 22,100 euros for the 2023 financial year.