The second Hacienda sales

The second Hacienda sales

Last Friday, July 10, 2015, the Royal Decree-Law 9/2015 of urgent measures was approved to reduce the tax burden supported by the taxpayers of the income tax of the natural persons and other measures of economic character (hereinafter, RD-L 9/ 2015), by means of which approves the reduction of types of assessment announced by the executive for the tax on the income of Natural persons (hereinafter, income taxes), with effects since January 1, 2015. As reported in the "reform of income tax in sight". The Government approved a gradual reduction in two phases (2015 and 2016) of the types of taxation in the income tax. However, on the pretext of (i) that the evolution of the economy has been more positive than expected, (ii) that the growth forecast exceeds expectations and (iii) that the tax collection has grown (despite the tax cut), they expose that it is Possible to advance six months (to July of 2015) The second phase of the lowering in the income tax. This new measure (the approval of a new tax rate) will have an automatic impact on taxpayers through the withholding system, increasing the liquidity available in their incomes over the second half of 2015. On the other hand, they also reduce the types of withholding or income in the corporate tax and the type of tax on non-resident income taxes. 150715_Circular_07 -2015 _ Las_segundas_rebajas_de_Hacienda

 

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