Among the benefits of the tax reform, which the Government sent to the National Assembly in an urgent procedure, the Tax Administration points out that the personal income tax table is more progressive and fairer.
Income tax: now the reduction will depend on how many family obligations the taxpayer has, not on salary
The draft of the Organic Law for Strengthening the Family Economy proposes to amend Article 36 of the Law on the Internal Tax Regime, which talks about the table used to calculate income tax payments.
| base fraction | excess up | Tax on base fraction | % tax on share of surplus |
|---|---|---|---|
| 0 | 11,722 | 0 | 0% |
| 11,722 | 14,930 | 0 | 5% |
| 14,930 | 19,385 | 160 | 10% |
| 19,385 | 25,638 | 606 | 12% |
| 25,638 | 33,738 | 1,356 | fifteen % |
| 33,738 | 44,721 | 2,571 | twenty percent |
| 44,721 | 59,537 | 4,768 | 25% |
| 59,537 | 79,388 | 8,472 | 30% |
| 79,388 | 105,580 | 14,427 | 35% |
| 105,580 | and so on | 23,594 | 37% |
The basic share remains at $11,722, but there are variations in the range values and the fixed tax payable in each of the segments, falling in some cases and rising in others.
Source: Eluniverso
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