This new deflation in the IPRF is applied to prevent taxpayers from having to pay more taxes due to inflation.
Euskadi provides one increase in collection by 5.7% this year and next year 5% compared to 2023 the deflation of the personal tax rate to combat inflation will be 2.5%.
This is calculated by the Basque Council of Finance (CVF), which brings together the Basque government, the provincial councils and the association of municipalities Eudel, usually in mid-October to calculate how tax collection will turn out this year and to make collection forecasts. taxes for 2024.
This year, tax collections are increasing as they are up 6.9% through August, the last data published, but for the year as a whole, tax collections will be lower.
The reason is that, as the Minister of Economy and Finance, Pedro Azpiazu, has said: The Basque economy is “no stranger” to the European slowdownIt is therefore calculated that collections for the entire year will increase to 18,102 million, which represents an increase of 5.7%.
The collection forecast for 2024 is 19,000,250 million euros, an increase of 5% compared to the planned closure this year.
Source: EITB
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