We recently started the year and traditionally with him some tax changes are associated. In this case, we will focus on explaining what the new sections of the IRPF are that took effect on January 1. However, we must be clear that throughout the year can change due to changes in government derived from the elections of 20D or economic adjustments that have to make the government in power.
Once we have a clear picture of the situation in which we find ourselves, we will explain how the IRPF calculation is made since it influences the section of IRPF in which we find ourselves. Well, it’s easy: depending on the income and personal situation of each taxpayer.
When calculating personal income tax it is necessary to take into account that one thing is the deductions on account of personal income tax, which are those included in the payroll and affect what we charge each month, and another is the result obtained from the declaration of income, since it depends on these deductions but also on other elements. Read our tax discussion.
In this sense, IRPF withholdings are based on a few scales, called personal income tax brackets, which are stipulated according to your salary. Thus, the personal income tax brackets are the scales that determine the percentage of IRPF that a person will pay.
The tax deduction that made us each month on our payroll, the State considers what each taxpayer depending on your personal circumstances have to pay that year to the Treasury and it is removing every month so that the payment does not have to do it all at once.
It will be at the time of making the income statement when it adjusts what has been paid month to month to the state through IRPF withholdings, having to be the taxpayer who pays the State, if they have retained little, or vice versa if they have retained more than stipulated.
In this sense, the income tax brackets that according to the income we have have to retain us in our payroll as of January 1, 2016. They are the following:
These sections represent a reduction with respect to the last valid ones that have entered into force on July 1, 2015, and were the following:
Personal Income Tax Calculators
Once we are clear about how the IRPF sections affect you, we put some calculators at your fingertips where, with only a series of data, you will be able to obtain what the IRPF withholdings will have to impose on you in 2016.