Post by account_disabled on Feb 21, 2024 22:47:22 GMT -6
The Government has not approved the decree that regulates the application of the new rates and 15 to 20 days are required to update the payroll computer programs Rajoy's lower personal income tax will force the 'rich' to pay 1,000 euros more than with Zapatero The vice president, Soraya Sáenz de Santamaría, and the minister of Finance and Public Administrations, Cristóbal Montoro. The Minister of Finance and Public Administrations, Cristóbal Montoro. The advance of the personal income tax reduction to July 1, announced by Mariano Rajoy, may not be able to be applied to this month's payroll, due to deadline problems. It will have to be until August. But, in addition, these days it is causing “enormous confusion” in agencies throughout Spain, including collapses and adaptation difficulties. As El Confidencial Digital has learned, through sources from the General Council of Administrative Managers, companies and agencies throughout the country are still waiting for the Government to clarify how this reduction in personal income tax, announced in the middle of the year, will be applied.
which will force them to redo the July payrolls of all employees. Risk of not being able to apply it in July “We expected the decree to be approved on Friday, July 3, in the Council of Ministers of that day, and to be published on the 4th in the Official State Gazette, but they have delayed it until the council of July 10 ,” he complains. a senior official from the College of Administrative Managers of Madrid. The General Council of Administrative Managers also warns ECD that at this time it cannot be guaranteed that all Denmark Mobile Number List companies will arrive on time to pay July payrolls by applying the lower withholdings that now correspond due to the announced reduction in personal income tax. There are even doubts that the Administration itself can do so when it comes to paying its staff, the civil servants . Update computer systems According to the sources consulted, the fundamental problem centers on the fact that companies use computer programs to calculate and pay payrolls, and now they will have to update these programs to introduce the changes.
However, until the fine print of the regulations is published, it is not possible to move forward with the update. When it is known, “the agencies will have to work at full speed to update the systems and be able to pay in July with the new rates,” he comments. The computer update process takes between fifteen or twenty days , so if the details of the reduction are known, at the earliest, on Saturday, July 11, there will be “ enormous difficulties” in preparing the new payrolls before the day usually They are usually paid, around the 25th of each month. Return the excess withheld in August The sources to which ECD has had access explain that, if the new rates cannot be included in the July payroll, companies will have to regularize the payment in August . That is, they must return to the worker what was extra withheld for personal income tax in the previous month. They warn that this regularization can entail a “ very strong effort” , especially for large companies, since it involves recalculating each payroll individually. exp-player-logo What saints are celebrated today List complete saints list Calls to agencies In several agencies, uncertainty has taken over tax advisors these days. “ We don't know what we have to tell customers this week, from when the reduction was announced until the Government approves the decree,” protests one of the experts.