Tax measures in the 2022 budgets in Galicia
27/10/2021
Tax measures in the 2022 budgets in Galicia
Flash informativos
Last Monday, the regional government of Galicia presented its Budget for the year 2022, in which certain tax measures of great importance for Galician taxpayers are foreseen.
These tax measures mainly affect the following taxes:
|
TPO |
IMPUESTO SOBRE TRANSMISIONES PATRIMONIALES ONEROSAS (TPO) |
|
A reduction of the general rate from 10% to 9% is approved, applicable mainly to the transfer of real estate, as well as the constitution and assignment of rights over real estate, except for real security rights. |
|
|
|
|
|
IRPF |
IMPUESTO SOBRE LA RENTA DE LAS PERSONAS FÍSICAS (IRPF) |
|
The regional tax rate is modified, mainly affecting the middle and lower brackets of the scale, wich are reduced by up to half a point, making Galicia one of the Autonomous communities with the lowest effective personal income taxation for taxpayers with medium and low incomes. The news consolidated personal income tax scale applicable in Galicia will be as follows: |
|
|
|
|
|
IP |
IMPUESTO SOBRE EL PATRIMONIO |
|
A 25% rebate of the full amount of the tax is included in the budgets, that is to say, the final tax liability is reduced by 25%. Likewise, the minimum exemption is maintained at 700.000 euros. |
|
|
|
|
|
ISD |
IMPUESTO SOBRE SUCESIONES Y DONACIONES |
|
The kinship reduction of 1,000,000 euros is maintained, applicable to acquisitions by descendants over 21 years of age, spouses, ascendants and adoptive parents, which makes Galicia one of the Autonomous Communities that offers the most beneficial tax treatment for inheritances between direct relatives. |
