Amendment to the Personal Income Tax Regulations
Royal Decree 142/2024, of February 6, was published in the BOE on February 7, amending the Personal Income Tax Regulations, approved by Royal Decree 439/2007, of March 30, regarding withholdings and payments on account.
The main objective of the amendment is to raise the minimum amount for withholding taxes from 15,000 euros to 15,876 euros, which will allow those who earn the minimum wage in 2024 to avoid withholding taxes for this tax. Likewise, in order to avoid the corresponding error of jump in the tax rate, the measure extends to taxpayers with net income from work of up to 19,747.5 euros per year, who will see their withholdings or payments on account reduced.
por el que se modifica el Reglamento del Impuesto sobre la Renta de las Personas Físicas, aprobado por el Real Decreto 439/2007, de 30 de marzo, en materia de retenciones e ingresos a cuenta.