Characteristics of Personal Income Tax

The Personal Income Tax (IRPF) is a key component of modern tax systems. It particularly seeks to implement the economic capacity, equity, justice and wealth redistribution.

Income Tax (IRPF) is a direct tax levied on income, as an immediate manifestation of the economic of citizens, since each person's income is considered indicative of their level of well-being and, therefore, allows determining what each person's contribution should be to maintaining public expenditure.