Important points in the personal Income Tax 2019
In addition to the usual questions that must be taken into account in the preparation of the income statement, in 2020 there are several new features. We must take them into account and make the most of all possible deductions.
In our article The personal Income Tax campaign is already here, you will find more details on this topic. The Spanish Tax Agency, like every year, reminds us of the importance to update the data of the declarant: marital status, births, deaths, etc. This is key to avoid income penalties this year and always.
As an important novelty, we must highlight that this year the maximum amount for not declaring is 22,000 euros in the case of a single payer or when having multiple payers, the amounts received from the second and other payers do not add up to more than 1,500€. In the event that the returns come from two or more payers, the figure stands at 14,000 euros. There are other conditions to take into account about which our advisers can inform you.
Also, in the case of lower incomes, it will be necessary to thoroughly review the returns because there are significant tax breaks applicable in the 2019 Income statement.
Other points to consider will be the following:
- Deductions for acquisition of habitual residence.
- Deductions for rental of habitual residence.
- Special liens on lottery and betting prizes.
- Possibility of deduction for investment in recently created companies.
- Spouse with disability in charge.
- Large family.
If you want to have the maximum security in your 2019 personal income tax, count on Anteo and our team. Remember that we have offices in Barcelona, Castelldefels, Cornellá and Esplugues de Llobregat. And that we can also assist you by phone or email. Contact us whenever you want.