The income tax declaration campaign for the year 2023 begins on April 3rd. Below, we summarize the most important points that you, as a taxpayer, need to consider:
Updates
Exempt from filing:
Taxpayers with two or more payers, with income below 15,000 euros, provided the second payer does not exceed 1,500 euros.
Taxpayers with annual income below 22,000 euros in general are also exempt from filing. This amount also applies to those with two payers when they fall into one of the following cases:
When, from more than one payer, the sum of the amounts received from the second and subsequent payers, in order of amount, does not exceed a total of 1,500 euros annually.
When it concerns pensioners whose only employment income consists of passive benefits.
When receiving compensatory spousal pensions or non-exempt alimony annuities.
When the payer of employment income is not required to withhold taxes.
When receiving employment income subject to a fixed withholding rate.
Required to file:
Taxpayers with income exceeding 22,000 euros.
Taxpayers with two or more payers, with income below 15,000 euros, provided the second payer exceeds 1,500 euros.
Self-employed individuals, who at any time in 2023 were registered as self-employed workers in the Special Self-Employed Regime or in the Special Regime for Maritime Workers, are required to file.
Taxpayer Calendar
These are the key dates that taxpayers need to consider for the 2023 income tax declaration campaign:
February 15, 2024: access to the 2023 income tax draft, both through the electronic headquarters and the Tax Agency app.
April 3 to July 1, 2024: online submission of 2023 Income and Asset declarations.
May 7 to July 1, 2024: the Tax Agency can prepare your 2023 Income Tax return by phone (appointment request from April 29 to June 28).
June 3 to July 1, 2024: the Tax Agency can prepare your 2023 Income Tax return in person at its offices (appointment request from May 29 to June 28).
Income Tax IRPF 2023 brackets
From 0 to 12,450 euros: 19% withholding.
From 12,450 to 20,199 euros: 24% withholding.
From 20,200 to 35,199 euros: 30% withholding.
From 35,200 to 59,999 euros: 37% withholding.
From 60,000 to 299,999 euros: 45% withholding.
Over 300,000 euros: 47% withholding.
This table is an estimate by adding the state and regional tax, with the reference for the latter being the rates applicable to non-resident taxpayers in Spain.
As a clarification, it should be noted that the taxpayer does not pay the highest withholding rate on the total income, but the percentages are applied one by one, starting from the lowest. For example, if a person earns 22,000 euros gross annually, they do not pay 30% of that total in income tax, but 19% for the first 12,450 euros, 24% for the next 7,750 euros (second bracket), and 30% for the remaining 1,800 euros (third bracket).
To determine whether you are required to file a tax return or not, it is crucial to identify which incomes are exempt and which are not. But don’t worry, we can help you.
