The Government amended income tax to favor large families and … – El Diario Montanes

The Government amended income tax to favor large families and … – El Diario Montanes

The government approved on Friday the new income tax regulations, which will include amendments to the tax reform and allow payroll since January taxpayers benefit from the tax rebate.

After the Cabinet meeting, Finance Minister Cristobal Montoro, stressed that the new regulation will allow companies to apply from January recalculation of payroll deductions from their employees and ask, since January 7, new deductions for large families and disabled, I called ‘negative tax’.

According to Montoro, tax policy the Government has “broad social content”, since the income tax will decrease for all taxpayers, but especially for middle and low incomes for families and for people with disabilities in their care.

Public list of fraudsters

Cristobal Montoro announced that the Government intends to also publish the list of fraudsters to the Treasury and not just the list of defaulters that already incorporates the reform of the General Tax Act, pending hearing.

At the end Meeting of the Council of Ministers, Montoro said the Government’s intention is that once you have a judgment and Justice finds that there is a fiscal offense, the public can know the name of these fraudsters, “because they do not always know “. “We understand that it is good to have that public dissemination” he reiterated.

At the same time, he said that in the coming weeks the Executive approve the reform of the General Tax Law, including publication list Defaulters Treasury from a certain amount, in the case of individuals and corporations.

Montoro said the fight against tax fraud is one of the main objectives of the Government, adding that in this legislature “has made much progress in this area” as well as persecution of certain economic crimes.

He also stressed that reform is aimed at facilitating an increase in disposable income for families and businesses of the order 9,000 million euros in two years and boost job creation and strengthen the savings and business competitiveness.

Montoro said the aim of the government is that in 2015, which will be an exercise “important” in terms of growth, since GDP will grow “at least” 2%, families also have more disposable income.

New deductions

Specifically, deductions that incorporates the new income tax for large families with disabled dependents, amounting to 1,200 euros per year -100 month-, will benefit 750,000 families to be saved in 2015 a total of 732 million euros. May be requested from the January 7 online or by phone, presenting the model 143 of the Tax Agency.

Also, the income tax regulations approved Friday includes new employment withholdings and payments account, because the tax reduces both sections as tax rates in both employment income and prepayments.