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MADRID , 10 (EUROPA PRESS)
The percentage of withholding and income tax on employment income that is levied by the condition manager or member of the board of directors or other representative bodies of companies with turnover below 100,000 per year will be 19% instead of 35% set for other companies.
This is stated in the bill on the income tax law change, the law of income tax of non-residents and other tax rules, which includes Europe Press, which was approved by the Cabinet on 1 August and will be processed in Congress from September for it to enter into force next year.
In this Thus, while the directors and managers of companies with a net turnover in excess of € 100,000 businesses will retentions of 37% in 2015 and 35% in 2016, to receive income for the same concepts but with fewer billing companies your withholding will be reduced to 20% next year and to 19% the next. In both cases, the percentage will be half if it is performance is Ceuta or Melilla subject to the deductions provided.
According to the Tax Agency , yields counselors and administrators amounted to 1,674 million euros last year, bringing the deductions amounted to 655 million euros, an amount that is regularized when the annual return is made income.
PERFORMANCE BY ECONOMIC ACTIVITIES
In addition, the Ministry of Finance proposed to introduce an exception to the general rule to retain 19% of the income from economic activities. Thus, 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 of economic activities and work in the fiscal year concerned.
“For the application of such withholding, taxpayers must notify the payer of the income the concurrence of those circumstances, being obliged to preserve the paying duly signed communication” is added to the bill.
According to the report of economic impact, the retention rate from 21% today to 20% next year and 19% were also cut in 2016 for yields from courses, conferences, seminars, symposia and the like, as well as literary, artistic or scientific works, except nonexempt awards won by such works, in 2013 totaled 533 million euros to 110 million retention.
A similar levels withholding on winnings from contests and certain gambling, which in 2013 contributed yields amounting to 62 million euros of which 12 million were applied deductions are reduced; and yields on municipal property, which amounted last year to 1,940 million euros. According to statistics from income tax, such income was declared in 2012 by 716,885 taxpayers who viewed withheld 1,450 million
(EuropaPress)
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