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The rise in personal income tax will affect only 36,000 taxpayers and will collect 491 million

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The increase in taxation foreseen by the Government in the General State Budgets will affect a total of 36,000 people, which represents 0.17% of taxpayers, and will raise 491.4 million euros. Specifically, the two-point increase in personal income tax to work income of more than 300,000 euros will affect 16,740 taxpayers, 0.08% of the total taxpayers.

This has been detailed by the Minister of Finance and the Minister of Finance, Maria Jesus Montero, during the press conference after the Council of Ministers held this Tuesday, in which he explained some points that the new accounts will include. To those 16,740 taxpayers must be added those affected by the increase in personal income tax for capital income of more than 200,000 euros.

Of course, the minister has indicated that these figures are estimates, with which the real number of affected will finally depend on the income generated next year.

The president of the Government, Pedro Sanchez, and the second vice president and minister of Social Rights and the 2030 Agenda, Pablo Iglesias, have presented the keys to the General State Budgets (PGE) for 2021. They account for a 3% rise in personal income tax for capital income of more than 200,000 euros and a 2% increase for earned income of more than 300,000 euros.

In addition, the Wealth Tax will undergo a review at increase of 1% for capital of more than 10 million euros and the Socimis will have to pay 15%, As minimum. It will also reduce deductions from private pension plans.

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