Salary and the retention of the PERSONAL INCOME TAX: know what stretches you correspond?

Discovers what is the retention of the PERSONAL INCOME TAX and how you affects according to your salary
Every year, arrives a period in which all the workers, included the self-employed workers, must present to the Internal Revenue service the annual tax return, officially known as Personal income tax (PERSONAL INCOME TAX). Many a time, the companies apply a retention to the salaries of your workers with the aim of move forward part of the payment, although the amount not always is of the all well-chosen one. For this reason, do the annual tax return can suppose an authentic one quebradero of head for many people. In this item, you count all that need know on the relationship between your salary and the retention of the PERSONAL INCOME TAX and how calculate the stretch that you corresponds.
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All that owe know on your salary

The salary is the bill of the wage, that defines as the cash amount that receives a person in a periodical way by your work. To the begin a new employment, it more usual is that negotiates a gross salary yearly; however, many run away with an unpleasant surprise when discover that the cash amount that perceive monthly is a lot smaller of what had agreed, given the gaps between the gross salary and the income after taxes, that can know thanks to our calculator of salaries.

The gross salary is anyone who remembers to the begin an employment and, in the salary, usually appear itemized in several concepts, as basic rate, wage supplements, productivity bonuses or overtime (although not all the salaries count necessarily with these elements). The income after taxes consists of the gross salary fewer the payments that carry out to the Social Security Institute and the retentions. The payments to the Social Security Institute are the responsibility of the worker and the company, although really is the company the responsible for pay the most part of the quotes to this organism. The retentions, on the other hand, are variables and depend on the wage of the worker and of your personal circumstances. Next, you count in what consist the retentions and how you affect.

The PERSONAL INCOME TAX and your salary: what are the retentions and how calculate?

A retention is a cash amount that the companies discount of the salaries of your workers by law. These retentions represent part of the payments that the worker owes pay in concept of personal income taxes; this way, once arrived the moment of declare the income before the Internal Revenue service, the result can go out to pay or to return. In the first cases, the worker be duty bound to pay the part remaining of the taxes that you correspond, since the retentions applied have been lower than what was stipulated. In the second cases, the retentions have been higher than what you corresponds to the worker, so receive a certain cash amount on the part of the Internal Revenue service.

It more important when apply a retention is that this appears documented in the salary. For calculate the retention corresponding, applies a percentage of retention on the amount of the yearly gross pay that depends on the wage, the familiar situation of the worker, the type of contract and your duration. These percentages vary every year, and is the Internal Revenue service the one which the establishes. Once applied the retentions to the employees, the company owes present to the Internal Revenue service the model 111 monthly or quarterly, where appear the retentions of each one of your workers.

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What stretch of the PERSONAL INCOME TAX you corresponds depending on your salary?

Besides know what retentions apply to your salary depending on your personal circumstances, is important know what stretch of the PERSONAL INCOME TAX you corresponds. In this respect, is basic take into account that the PERSONAL INCOME TAX divides in two parts: the type state and the type autonomous. The collections derived from the type state go to stop to the arks of the State, whereas those ones of the type autonomous destine to the autonomies. Thus, in January 2019, apply the next types depending on the wage:
Base implementable  Type state (%)  Type autonomous (%)  Total type (%) 
Base implementable 
0€ - 12,450€
Type state (%) 
9.5% 
Type autonomous (%) 
9.5%
Total type (%) 
19% 
Base implementable 
12,450€ - 20,200€
Type state (%) 
12% 
Type autonomous (%) 
12%
Total type (%) 
24% 
Base implementable 
20,200€ - 35,200€
Type state (%) 
15% 
Type autonomous (%) 
15%
Total type (%) 
30%
Base implementable 
35,200€ - 60,000€
Type state (%) 
18.5% 
Type autonomous (%) 
18.5%
Total type (%) 
37% 
Base implementable 
More than €60,000 
Type state (%) 
22.5% 
Type autonomous (%) 
22.5%
Total type (%) 
45%

The type autonomous expressed in this table is guiding, since is the one which applies to those citizens that reside abroad. For the inhabitants of the Comunidad de Madrid, Andalusia, Catalonia and Valencia, this type is different, so is recommendable consult it. 

Now that already know the relationship between the salary and the retention of the irpf, you have caught on that not always is simple be a day of the payments that owe pay to the Internal Revenue service, especially in view of the wide cases variety and circumstances special that can give. In BBVA know that do the annual tax return and take the control of your personal finances not is a task work easy. For that reason, you offer a wide variety of products and services that you help to remain a day and to save for possible unforeseen events. Visit bbva.es or comes to any of our branch offices for obtain more information on these products.

Your salary in BBVA

You offer ones very good conditions when enter your salary thanks to your Account Salary Goes With you. But if what wish is bring it to BBVA from another company of easy way and fast, put at your disposal our Removals service (to the one which can access from bbva.es or from BBVA's app), which is responsible for carrying out the entire process conveniently, quickly and at no cost to you. Enters bbva.es and learn more.

* BBVA not is person responsible for the content, truthfulness, accuracy, sufficiency, integrity or update of this item, since has been elaborated for third parties unaware of BBVA. The item has merely informative value and guiding, in no case is binding nor compulsory and not constitutes commercial offer or commitment contractual one of BBVA. 

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