The communication for the lowering of two points in Income Tax withholdings for mortgage payments for incomes of up to 33,000 euros is now available on the website of the Tax Agency.
The update of model 145 for communicating data to the payer for the calculation of withholdings on work performance related to the Personal Income Tax is available on the Tax Agency website (www.agenciatributaria.es).
Madrid, 18 December 2008
The update of model 145 for communicating data to the payer for the calculation of withholdings on work performance related to the Personal Income Tax is available on the Tax Agency website (www.agenciatributaria.es). This includes the communication of payments for the acquisition or refurbishment of a main residence using external financing, reducing the withholding for all income of less than 33,000 euros a year by two percent.
Notification form 145 is available on the website: headquarters.agenciatributaria.gob.es .
The taxpayer, as part of their notification of the relevant information to their payer for the calculation of their personal income tax withholdings, may now include mortgage payments, allowing for a reduction of two percent in withholdings for income of less than 33,000 euros per year. This notification can be made at any time after the mortgage is taken out.