Withholding Income Tax
refer to money that the tax deducted from the payroll of each employee in the tax provision to be undertaken on the statement income. These deductions are practiced both as self-employed, although the calculation is different depending on the situation of the worker.
For employees, the amount of income tax withholding will depend on:
- personal status and family: this includes marital status, number of children to the office and his age and older and disabled persons in charge
- Type of contract: the type of contract also affects the retention held AEAT. For example, temporary contracts are subject to a lower retention, such as those signed with the second company.
- Revenue: Revenue will determine the section in which we and the rate applicable to it. In this regard, the board income tax in the income statement provides the following sections:
or 17,360 to 32,360 €, 28%
or 32,360 to 52,360 €, 37%
or from € 52,360, 43%
The Personal Income Tax Withholding important from the point of view of tax planning, as a function of that practice will have to pay more or less to the AEAT. If the deductions are correct, the Treasury bill will be 'cheap', but instead have been low, you will pay (although we will have enjoyed in advance of that money and in the best performance we will have obtained by it).
The easiest way to calculate the Personal Income Tax Withholding is go to the specific page that has the SATA on the topic and download the support it offers for its calculation. Once downloaded, simply enter personal data as we would in the model 145, data communication to the payer.
For income tax withholding percentage of self-employed is also set by law. The AEAT has a specific section which addresses the income tax withholdings for businesses and professionals can also find more information in 060.es, the site of the Government to address the concerns of citizens, talking about tax liabilities of self- . However, it is best to go directly to the existing legislation, in this case the Law 35/2007 of 28 November and its subsequent amendments.
VIA: impuestosrenta.com
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