PAY OF 400 €
During the last election campaign, promised a pay of 400 € for workers and freelancers. Held elections and a month later, the Council of Ministers approved on Friday April 18, Decree-Law of fiscal measures including, inter alia as regards the 400 €.
The Royal Decree was published in the Official Gazette of April 22 and Royal Decree development of the standard expected to be published in mid-May, which came into effect on June 1.
Regarding this measure is interesting to note the following:
a) It has no bearing on the 2007 income year.
b) He shall deduct the amount of tax to only those who receive income from work or economic activities. (Including pensioners).
c) The payment of 400 € is done by adjusting withholding of work supported in 2008 or installments of activities carried out in 2008 so it only affects those who have sufficient funds for this purpose. In no case has the character of negative tax.
Recovery is made as follows:
1) Employees: Payroll
June: € 200 deduction as a maximum withholding supported;
payroll from July to December: the recovery of remaining up to € 400
(This is done via holding down the type that now, for the sole purpose of taking into account this adjustment, allows up to two decimal places.)
There bear in mind the following exceptions:
FIRST: Those workers who do not have deductions in excess of 400 euros in the year, the maximum amount only extends to the amount withheld.
SECOND: Those in the June payroll does not reach the 200 €, can only recover in that month the maximum amount that corresponds to retain the allowance, and the remainder distributed to the 400 years on the payroll for the period July to December.
THREE: This is also reflected in the extent to pensioners.
2) Business and Professionals: maximum deduction of 200 € in Q2 and installment payment of 100 € (or a larger amount if the balance is not applied in previous payments) in each of the next two, always with a maximum of 400 € in total.
During the last election campaign, promised a pay of 400 € for workers and freelancers. Held elections and a month later, the Council of Ministers approved on Friday April 18, Decree-Law of fiscal measures including, inter alia as regards the 400 €.
The Royal Decree was published in the Official Gazette of April 22 and Royal Decree development of the standard expected to be published in mid-May, which came into effect on June 1.
Regarding this measure is interesting to note the following:
a) It has no bearing on the 2007 income year.
b) He shall deduct the amount of tax to only those who receive income from work or economic activities. (Including pensioners).
c) The payment of 400 € is done by adjusting withholding of work supported in 2008 or installments of activities carried out in 2008 so it only affects those who have sufficient funds for this purpose. In no case has the character of negative tax.
Recovery is made as follows:
1) Employees: Payroll
June: € 200 deduction as a maximum withholding supported;
payroll from July to December: the recovery of remaining up to € 400
(This is done via holding down the type that now, for the sole purpose of taking into account this adjustment, allows up to two decimal places.)
There bear in mind the following exceptions:
FIRST: Those workers who do not have deductions in excess of 400 euros in the year, the maximum amount only extends to the amount withheld.
SECOND: Those in the June payroll does not reach the 200 €, can only recover in that month the maximum amount that corresponds to retain the allowance, and the remainder distributed to the 400 years on the payroll for the period July to December.
THREE: This is also reflected in the extent to pensioners.
2) Business and Professionals: maximum deduction of 200 € in Q2 and installment payment of 100 € (or a larger amount if the balance is not applied in previous payments) in each of the next two, always with a maximum of 400 € in total.
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