The councils’ budget proposal aims to address key ‘challenges’ such as reconciliation, housing and energy transition, in addition to promoting employment EPSVs.
The tax proposal of the councils of Álava, Bizkaia and Gipuzkoa focuses on addressing the main ‘challenges’ such as reconciliation, housing and the energy transition, in addition to promoting employment EPSVs.
One of the most important new developments is that the obligation to declare personal income tax increases to 19,000 euros per year (higher than the Interprofessional Minimum Wage, which will amount to 15,876 euros in 2024), with the aim of improving the taxation of the lowest incomes. In addition, regarding housing The promotion of rentals is encouraged by strengthening tax incentives to increase the supply of affordable rental housing.
These are other of the key measures proposed by the reform:
Family, equality, reconciliation, women and youth
· For the return to the labor market after caring for children under three years of age, a deduction of 1,200 euros for women and 1,500 euros for men is introduced.
· The group of young people is being redefined, raising the age from 30 to 36 years.
· The reductions, which are not specified, will be increased for companies that apply measures that “go beyond” what the law and agreements require, such as care leave, short-time working without a salary reduction or free childcare, if they are covered by at least a third of the working population are used.
· Young people are given 5 years to take advantage of the offspring deduction, so that they can benefit from it when they have progressed in their professional career.
Employment Social Security (EPSV)
· Collection of benefits in the form of income is improved and quality contributions are given preference, with greater incentives for larger contributions.
Green taxes
· New deductions are introduced for work to improve the energy efficiency of homes, both ordinary and rented, to reduce the demand for heating and cooling, to improve the consumption of non-renewable primary energy or to facilitate the energy rehabilitation of improve buildings.
· Deduction of 5% or 10% on personal income tax for the purchase of new emission-free vehicles and 15% for the installation of charging points.
Source: EITB
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