Despite the health and economic crisis caused by the coronavirus, on April 1st he started the 2019Income declaration, keeping June 30 as the last day for his presentation.
From that date, all citizens can access their draft through the website of the AEAT, but that doesn’t mean everyone is required to file thereturn, because there are different situations and exceptions that cause certain people not to have to file their IRPF return.
Who is exempt from making the 2019 Income Return? This is one of the most frequent questions that comes to our tax advice,so through this post we will try to give you an answer.
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What situations must occur in order to be exempt from making the 2019 Income statement?
If specific circumstances and situations occur, some citizens may be exempt from making the 2019 Income Statement. Those exceptions are listed on the Tax Agency’s website,but we’re going to review them here so you know if this year you can“get rid”of making the return.
> Incomes less than 22,000 euros per year (gross)
Those who receive an annual income of less than 22,000 euros gross will be exempt from making the income statement. If you have two or more payers, if the second payer – hereinafter – does not represent more than EUR 1,500 per year, the limit will remain at the same amount 22,000 euros.
But if the second payers exceed 1,500 euros per year, the limit to be exempt from making the 2019 income statement is reduced to 14,000 euros.
This also applies to pensioners with two or more payers, whose withholdings have been determined by the Tax Agency.
> Taxpayers with income from work income, compensatory pensions and food annuities
Taxpayers who earn income from income from work income taxed at a type ofwithholding tax, compensatory pensions ofthe spouse, as well as annuities for non-exemptfoods shall also be exempt, provided that the payer of the income from the work is not obliged to withhold. In this case, the limit for not making the declaration also remains at EUR 14,000 per year.
> Income from full real estate capital income
Nor shall persons living on income from the full income of real estate capital or equity gains,which have been subject to withholdings or income on account, be required to file the return. In this case, the limit will be 1,600 euros per year.
Real estate capital yields could be dividends or interest,while those related to equity gains would be investment funds, games, betting, lotteries, etc.
> Income from withholding-free taxable equity return
Income from the return of withholding-free furniture capital, such as State aid such as subsidies for the purchase of officially protected homes, among others, could also be exempted up to EUR 1,000per year.
> Maternity or paternity benefits
Maternity or paternity benefits shall be exempt from withholding,and should therefore not be included in the income statement.
> Worker’s dismissal or termination compensation
Compensation for dismissal or dismissal of the worker shall also be exempt up to a maximum of EUR 180 000,where while if the compensation exceeds that amount, it must be declared as personal employment income, and therefore taxed in the IRPF.
Who is required to make and file the IRPF return?
By contrast, all taxpayers with incomes over 22,000 euros gross annually, or 14,000 euros with more than one payer, will be required to file the IRPF 2019 return.
At AYCE Laborytax we provide you with our tax advisors to help you make your return, as well as to inform you if you are exempt from filing it.
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any commitment, we will be happy to assist you.