Treasury to accelerate the reduction of the personal income tax note on the payroll … – The Newspaper

Monday, September 22, 2014 – 12.54 h

There is a rush. A hurry by the government to make citizens percban the effects of the tax relief. Finance has pressed the accelerator to the average reduction of 12.5% ​​(8.06% in 2015 and the remainder in 2016) in the income tax ( income tax ) is already in the note payroll January.

The Secretary of State for Finance Miguel Ferre , said his department is finalizing the drafting of regulations to accompany the tax reform for companies to have sufficient time to adapt to withholding wages new tax framework. The idea is that these take effect immediately after passage of the bill in Congress.

After participating in a conference organized by the Association for the Advancement of Management ( APD ) Mediterrránea area of ​​Barcelona, ​​Ferre has estimated that the reduction of income tax , along with corporate tax and changes in VAT regulations will be tested in late November.

The Government is keen that citizens and receive their payroll tax cut. “The goal is that in the payroll January 2015 can already notice the reduction of income tax “. The ministry does not want delays that prevented the rise in income tax for 2012 approved and could be applied from eneo that year and had to be delayed until February occur.

Ferre has reiterated that “it is right time “for that tax reform will contribute to strengthen the economic recovery. He also stated that reform is “sustainable” and, thanks to drive growth, will support deficit reduction.

Speaking at the time, recalled that the Government’s objective is that the State revenues are placed at about 38% or 39% of GDP and public spending, “without further adjustment” is reduced from 43% of GDP to 40% / 39% environment.

in turn said that the reform of the general tax law , including inter alia the publication of the list of defaulters with the administrations public, goes backward.