Bolsamanía | Bolsamania | Aug 11, 2014 10:01 – Updated: 10 : 59 | Discuss | | |
The new tax reform is pinpoints changes for taxpayers. The fiscal program approved at the last Council of Ministers plans to reduce from 35% to 19% the percentage of withholding tax on income from employment for administrators or members of boards of companies with turnover below 100,000 per year. Only in 2013, the yields of such directors reached 1.674 million euros.
the rate will be reduced to 20% in 2015 and 19% in 2016
Thus, while the directors and managers of companies with a turnover of more than € 100,000 have business deductions of 37% in 2015 and 35% in 2016, to receive income for the same concepts, but companies with less turnover, your withholding will be reduced to 20% next year and to 19% the following . In both cases, the percentage will be half if it comes to yields obtained in Ceuta or Melilla subject to the deductions provided.
Finance also proposed to introduce an exception to the general rule of retaining 19% since 15% will be applied in cases where the volume of such activities yields integrity of the immediately preceding year is less than 15,000 euros and represents more than 75% of the sum of the gross income from economic activities and work in the relevant tax year.
BIOGRAPHIES FOR LESS TAXATION AND CONFERENCE
also lowers returns for conferences and literary, artistic or scientific works. According to the report of the Ministry of Finance, also will cut the withholding rate of 21% today to 20% next year and to 19% in 2016 for income from courses, conferences, seminars, symposia and similar as well as literary, artistic or scientific work in 2013 totaled 533 million euros to 110 million retention.
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