The deduction for those who levies with a minimum inter -professional salary (SMI) takes another step to the statement, and at least 400,000 pensioners will remain. This Thursday, the Senate will amend Law on Civil responsibility and security in vehicle circulationWhich includes a position that regulates the IRPF tax for those who charge a minimum salary. The norm, as written, excludes the unemployed and pensioners.
The law is explained by the economist and financial consultant Reaf (the register of financial advisory economists, which belongs to CGE), Rakel Yurado, indicates that such a deduction will be applied to “Taxpayers with full income from work received from the effective provision of services Corresponds to the labor or law of relations. “That is, for people who work.
Fiscal advantage is a decision used by the Ministry of Finance, so as not to raise the minimum exemption from the new SMI 2025 and that Allows you to save it at the level of 15,876 euros per year (minimum wages of 2024)The field in previous years, the Minister of Finance, Maria Hesus Montero, increased the minimum amount from which IRPF should be paid with the same rate as SMI, but this increase was the benefit for all sections of wages. The fact of not an increase in this released minimum affects 20% of employees who are levied with SMI and do not have family accusations, which led to work on negotiations about this new deduction. As a result, the new law excludes all pensioners and unemployed with wages between SMI 2024 and 2025.
The deduction applies to those who with income below 18,276 euros per year. In particular, those that charge less than 16,576 euros per year can be deducted 340 euros per year. And when their income is from 16,576 euros per year and 18,276, the deduction will be 340 euros, with the exception of the result of multiplication by 0.2 differences between full profitability and 16,576 euros per year.
According to the last wage published by the Ministry of Social Support There are at least 388,922 people who have already reached the retirement age and accused from 1150 to 11,305 euros per month. A fact that, however, is lower than the real figure, without indicating the number of people who have wages in the amount of 1134 (SMI 2024) to 1150 euros (the highest part of the section proposed by the ministry). From 1100 to 1150 euros, there are 288,898 pensioners.
Context and waiting steps
In April, the executive director added an amendment to the law on civil liability and security in the circulation of vehicles, with the aim that citizens levy with SMI may apply a deduction in the rent of 2025, which was prepared in the spring of 2026 and, thus, do not pay taxes. That is, the company will save IRPF for these salaries, but then the treasury will return it to the employees in the statement. The amendment, which currently leads to an additional position of the law and which was reached after an agreement between the Ministry of Finance and the work that resolved the contradiction of taxation of the minimum wage.
On Thursday, the Senate must report on the adopted amendments – a total of 4 out of 18 submitted, But not one who affects the fan –The field then the project will return to the plenary congress, which can accept or reject them from the simple majority. In case of approval, only its publication in BOE is under consideration.
The collection increases by 11.1%
The collection for the income tax of natural persons (IRPF) amounted to 55,3304 million euros in the period from January and May. This result is a new entry that exceeds 11.1% to the result obtained in the first five months of the previous year, and is noted by an increase in the profitability of the work, as a result of which the perception of the minimum inter -professional wage (SMI) began to be preserved. This progress by 9.8% also increases due to the improvement of wages exceeding 3% in accordance with measures that record the statistics of new signed collective agreements, and the numbers that process the main studies are already in turn by 50 euros applied to SMI itself.
At the moment, a tax agency does not reflect the influence of a new deduction on the collection, since there are some steps for its final statement. Although it expands the effects warned by the changes made in 2024 to free the SMI perceptions from the quotation obligation. Finances were estimated at 129 million, the amount that I stopped receiving with the exception of this group, Of which 75 were explained by the wages of pensioners, who also benefited from expanding the reduction by obtaining profitability.
However, the balance of the influence of legal changes on the collection is positive, since in 2025 the effects of increasing VAT on electricity, natural gas, wood and granules, as well as a special tax on a specialty, which together and P.P. They tried to lie down with the amendment, which was later applied to the government. In turn, a collection will be added for the growth of food, an increase in special tobacco tax and measures taken to facilitate the position of areas affected by Dana, which took place in October in the vicinity of Valencia. All these elements will make 2815 million euros that compensate for the loss for the benefit for SMI.
