Wednesday, April 12, 2023, 01:16
On April 17, the 2022 Income campaign begins in Bizkaia, which will run until June 30. The Vizcaya Foral Treasury calculates that this year some 623,000 declarations will be presented. Approximately two out of three will have results to return. That is, they will be in favor of the taxpayer, and for an average amount of 1,190 euros.
This year’s campaign includes some measures introduced in 2022 to combat the effects of inflation, and other new ones. These are the most important:
Deflation of the applicable rate
The Vizcaya Provincial Treasury will deflate the rate applicable to the general taxable base for the year 2022 by 5.5%. In turn, it will increase the reduction for joint taxation, the reduction of the quota and personal deductions by the same percentage.
Measures to promote economic reactivation
Another novelty consists of the increase in the deduction to encourage investment in micro, small or medium-sized companies. The percentage goes from 10% to 25%, which will be 35% in the case of investments in “innovative companies” and those linked to the silver economy or ‘silver economy’.
Incentives for the voluntary application of the Batuz
The self-employed voluntarily adhere to the Batuz system -this automatic invoice declaration system will be mandatory as of January 1, 2024- will see the positive net income from their personal income tax activities reduced.
The reduction percentage will depend on the date on which mandatory compliance with the obligations begins. It will be 15% for the self-employed who joined the system on January 31, 2022. In addition, the deduction of 30% of the expenses incurred to adapt to Batuz in 2022 is maintained.
Measures to alleviate the energy crisis
On the one hand, the general percentage is increased from 10% to 15% to reduce the difference between the income and expenses of the activity, in concept of amortizations, losses due to impairment and expenses that are difficult to justify. This mechanism -called ‘forfait’- rises to 70% in the case of agricultural and livestock activities, as well as for the transport of goods by road.
Secondly, this year an extraordinary deduction of 200 euros will be applied again for people whose general tax base does not exceed 30,000 euros. If that income is between 30,000 and 35,000 euros, the reduction will be 200 euros minus the result of multiplying by 0.04 the amount resulting from reducing the tax base by 30,000 euros.