Dependent workers who pay Income tax They can now present their companies with a new projection of personal expenses in order to benefit from a larger reduction, after the change provided for by the Decree of the Law on Strengthening the Family Economy enters into force and when the Tax Administration (SRI) defines the procedure for doing so in the decision published on Friday 30 June .

The tax reform introduced by this decree of the law foresees new upper limits for personal expenses and greater reductions depending on the family obligations that the worker has, the more benefits, the more expenses can be deducted and the more taxes. SRI explains that family obligations depend on the taxpayer when he covers practically all his personal expenses.

This is the personal expenses form for claiming income tax relief from July

These family obligations must be reported in the form that DZI has already updated, which is available on its portal, with an indication of the number of obligations. And the employer must submit the specified form and documentation proving the charges.

In its resolution, the Tax Administration states which these documents are:

In no case can two or more taxpayers consider the same person as a dependent family member for the corresponding fiscal period.

Income tax: now the reduction will depend on how many family obligations the taxpayer has, not on salary

The projection of personal expenses was presented in January, and from 2024 it will be in February. For this occasion, it will be presented in July so that employers can once again liquidate the income tax in view of the new projection of personal expenses presented by the worker and the income tax table provided for by the Organic Decree of the Law on Strengthening the Family Economy for the fiscal year 2023. And based on that, carry out suspensions with values ​​adjusted for the payment of salaries and wages related to the month of July.

“If, after the worker has submitted a new projection of personal expenses and performed a recalculation, the employer discovers that excessive amounts were withheld during the first six months of the year, he should not make any additional withholdings for the rest of the year. In that case, the taxpayer can file an appropriate request for income tax refund in accordance with the law,” says Resolution NAC-DGERCGC23-00000020, signed by SRI director Francisco Briones.