The Income and Assets campaign started this Wednesday with important news and with a forecast of notable increase in income for the Tax Agency. 23,281,000 million declarations are expected, 1.2% more than in 2022. The good performance of employment and the improvement in salaries (despite the reduction of withholdings for the lowest incomes), the positive evolution of Profits on the stock market or income from real estate sales, among other factors, cause the department dependent on the Ministry of Finance to estimate that profits are going to skyrocket. Specifically, the forecast is that the treasury will receive 18,908 million, 12.2% more in 2022, from 7,092,000 taxpayers. The result to be returned, for its part, drops to 11,650 million, 1.8% less, from which 14,614,000 filers will benefit. The net result is, therefore, positive: 7,258 million, compared to 4,987 million the previous year.
Income from Heritage will also increase, according to the Tax Agency's forecasts, significantly. Specifically, they will reach 1,980 million, 61.4% more than in 2022. This situation has been caused by the elimination of the wealth tax bonuses of some autonomous communities, essentially the Community of Madrid, Andalusia and Galicia. , to avoid paying the new tax on large fortunes.
Another important aspect of the current Income Tax campaign affects the new income modalities. To try to prevent fraud, the Tax Agency will send 2.8 million letters to taxpayers for whom it has information about certain activities. The treasury reminds that “the limit of losses to be recorded may not exceed the profits obtained.” That is, if there is a capital gain, it must be declared.
In this way, communications will be 164,000 in the case of taxpayers who have carried out online gambling operations (this is information obtained through the General Directorate of Gambling Regulation), 948,000 for those who have operated with virtual currencies, 895,000 They have obtained profits in other countries and 866,000 income from property rentals, among which are not tourist ones.
The first returns, as usual, will begin at the end of this week. Early this morning, the Tax Agency had more than 500,000 draft requests. The submission period will end on July 1 for declarations to be deposited and returned, although the deadline for declarations to be submitted with direct debit will end on June 26.
The main novelty of the campaign, indicates the Tax Agency, is the implementation of a system aimed at people over 65 years of age who reside in small municipalities. It consists of personalized attention, with official personnel, to these taxpayers through video assistance. From April 29 you will be able to make an appointment and from May 7 the service will begin to operate. To this possibility we must add the “We Call You Plan”, which consists of telephone assistance at the Tax Agency at the request of the taxpayer.
