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The Independent Public Revenue Authority sends a “signal” of wage increases from January 1 to the accounting offices of companies. With its decision, the AADE gives instructions on how, when and for whom to stop withholding the special solidarity contribution from salary.
The circular AADE activates law 4738 of 2020. It establishes that for fiscal year 2021 the income obtained from paid work in the private sector is exempt from the special solidarity contribution.
The main objective of the measure is to alleviate the so-called “middle classOr what’s left of it. These are those who work and earn more than 860 euros gross per month (12,000 euros per year) to support themselves and their families.
But they also enter three exceptions: those who are continually trapped in presumptions for at least three years lose their exemption from pensions, state wages. Specifically, based on the circular:
1. It is clarified that private sector employees are considered only those who work in carriers it’s not:
· public services,
Decentralized administrations, first and second degree local authorities and their legal entities,
· public entities
· Legal persons of private law (but) within the General Government.
2. The withholding of a special solidarity contribution of all kinds continues pensions, by any institution and if paid. It is further clarified that the insurance paid within the framework of group pension insurance policies, whether paid at a lump sum or in the form of a periodic benefit, is income from a pension and not from paid work and, therefore , is not exempt from the special solidarity contribution.
3. If in fiscal year 2021 there is an addition presumption difference taxed as income from paid work (article 34 para. 1 para. a) for the beneficiaries of the special solidarity tax exemption, in order not to impose the special solidarity contribution, the two previous fiscal years (2019 and 2020) must be or not add difference of presumptions or that has even been covered by an expired amendment statement. In this case, the exemption to the aggregate presumption difference is granted only if the taxpayer obtains income from paid employment in the private sector.
The reduction in withholdings for solidarity contribution, however, will not be calculated in the salary until now, but after the amount after the reduction of insurance contributions, which is also activated as of January 1. Therefore, the benefit will be much greater for more employees – as well as for them. though their employers.
The benefit of the combination of the two measures starts from about 8-9 euros per month and increases significantly. For example, those who receive 1,000 gross euros per month will clearly see 818 instead of 809 euros or 9 euros. Almost the saint and those who receive the minimum salary of 650 euros, who will see in their account 558 euros net instead of 550 euros or 8 euros more. With a salary of 1,560 euros, however, the net increases from 1,159 to 1,183 or by 24 euros per month. It increases by 45 euros for a salary of 2,050 gross per month (net 1,483 instead of 1,438 euros) and by 69 euros for 2,540 euros gross or 1,777 net instead of 1708 euros per month.
However, more generally, an exemption is also foreseen for this year from the payment of a special solidarity contribution in other categories of income:
(a) for “business”;
(b) of “capital” (dividends, interest, royalties and real estate) and
(c) “capital transfer goodwill”.
However, retirees and civil servants are not excluded from the exemption for this income.
The exemption for the income of these categories refers to what the taxpayer acquired the right of collection in fiscal year 2020.
In these, it is clarified that:
Dividend income (which includes dividends, as well as the temporary extraction of benefits), do not require a special solidarity contribution when the decision to approve their distribution is made by the competent body of the legal person or legal entity took place in the fiscal year 2020.
· In the distribution of extraordinary reserves SA and Ltd. as well as the distribution of profits from personal companies, etc. that keep double entry books, regarding the time of acquisition and taxation of these income, the provisions also apply.
· The time of acquisition of the right to collect the distributed profits (dividends) of the legal entities that keep books by the haplographic method is considered the date on which the administration closed. In any case, crucial for the exemption of the special solidarity contribution for the fiscal year 2020, is the moment of obtaining the right to collect dividends, and not the moment in which the profits for the legal person or legal person, or the moment payment of these.
If in the year 2020 there is an added difference of presumptions that is taxed as income from the business activity, in order not to impose the special joint tax, for the two previous years (2018 and 2019), there should be no added presumption difference or this will be It’s even covered with an expired amendment statement.
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