The 2023 income tax campaign starts next Wednesday, April 3 and will run until July 1, with the reduction of taxation for low labor incomes and the increase for high capital incomes as major novelties.
In the 2023 income tax campaign, taxpayers with labor income exceeding 22,000 euros from one payer or 15,000 euros from more than one, among other assumptions, will be required to file a return.
All recipients of the minimum basic income (MBI) are also required to declare, although this does not imply that they have to pay taxes on those resources, and taxpayers who have been registered as self-employed at some point in 2023.
From April 3, you can access the draft and submit the personal income tax return online, both through the Renta Web program and the mobile application of the Tax Agency, after identification with an electronic certificate, reference number or Cl@ve PIN.
The declaration can be submitted by telephone from May 7, and in person at offices from June 3. The deadline ends in all cases on July 1, unless you want to direct debit the payment to be made, in which case it must be submitted before June 26.
Decreases for low incomes and increases for high incomes
Low incomes enjoyed a tax cut in 2023 -the minimum tax-exempt amount was raised from 14,000 to 15,000 euros and reductions for labor incomes below 21,000 euros gross were increased-, which in most cases will already be applied via withholdings.
Likewise, self-employed workers under the module system can apply an additional reduction of 5% in net income (up to a total of 10%) in the 2023 tax year and those under the simplified direct estimation system, a 7% reduction for deductible expenses that are difficult to justify (instead of 5%).
On the other hand, in the 2023 tax year, the rates for the highest capital incomes are increased, which rise to 27% for incomes between 200,000 and 300,000 euros (one point more) and 28% for incomes above 300,000 euros (two points more).
Deduction for the purchase of electric cars
One of the novelties in the 2023 campaign is the new 15% deduction for the purchase of a new plug-in electric vehicle not used for economic activities, up to a maximum base of 20,000 euros, and another of the same amount, with a maximum base of 4,000 euros, for the installation of battery charging systems, provided that the investment has been made from June 30.
The deduction for actions to improve the energy efficiency of the habitual or rented dwelling remains in force, for up to 40% of the investment, provided that it reduces the demand for heating and cooling by at least 7%. In the case of works affecting an entire residential building, the reduction is 60%.
Likewise, the limit of deductible contributions to pension plans remains at 1,500 euros for individual plans and 8,500 euros for employment plans, although it is now allowed that in the latter case the worker contributes more than the company, according to certain coefficients. The joint limit remains at 10,000 euros.
Another novelty is the extension of the maternity deduction, which can now also be requested by mothers in a situation of unemployment or who register with Social Security after the birth, as well as its extension for nursery expenses up to 1,000 euros per year, even if the center is not educational.
