May 10, 2021

How does having more than one payer affect the income tax return




Tomorrow, Wednesday, April 7, Tax agency starts the campaign to present the statement of income. Thus, taxpayers in Spain will be able to render accounts with the public body in regard to to your annual income during the year 2020.

All those workers who pay taxes in Spain, with few exceptions, will have to request the eraser to the Treasury and see if, finally, the declaration of the Personal income tax It comes out to pay or return.

Although it is an event that takes place every year, it is normal for doubts to arise, especially in this turbulent year that 2020 has been, in which the coronavirus pandemic has affected a large number of people in our country. In fact, this year there will be many who will have to declare for the first time to receive two payers income, due to the numerous Records of Temporary Employment Regulation (ERTE) that have been carried out during the months of strict confinement decreed by the state of alarm. But what does this imply? How does having two payers affect the income tax return?

Who must present the income tax return

Initially, having more than one payer only affects the limit from which the personal income tax return must be filed. While with a single payer, only those who receive more than 22,000 euros per year, with two or more this limit drops to 14,000 euros, as long as the sum of the second and subsequent payers, if any, exceeds the 1,500 euros.

It should be noted that this is the norm, but there are exceptions when compensatory pensions of the spouse for food, income not obliged to withhold and other aspects that should be consulted before requesting the draft from the Tax Agency come into play.

In which cases are there two payers?

It may happen that an individual has had two or more payers in 2020 in the following situations:

– It has been a job change which has led to work in several different companies in the same fiscal year.

– They have collated jobs and collaborations.

– It has been in the unemployment and later it has begun to work in a company or vice versa.

– The individual has been affected by a ERTE, for which he has received money from the employer and the SEPE.

Will you go out to pay or return?

There is a widespread belief that if you have two or more payers, the income tax return will go out to pay And, although this may occur, as in the returns of individuals who have a single payer, it is not the norm.

It is true that if the second or subsequent payers carry out the retentions as if they were the only payer of the year, without taking into account the income from other payers, the income statement will be paid, since the withholding percentage that has been applied is lower than the corresponding one.

To solve this small problem it is necessary to voluntarily ask companies to carry out the withholding of personal income tax that corresponds to us. In this way we will avoid having to pay the Treasury.

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