This is the filing date for the 2022 Personal Expense Projection

This month, thousands of workers who are in a dependency relationship are preparing their projection of personal expenses for the year 2022.

The Internal Revenue Service (SRI) enabled the single form for the projection of personal expenses with which the provision can be met. This year, a new scheme is applied, which are income tax reductions caused by personal expenses supported by sales receipts, of 10% and 20% of said expenses.

The basic fraction of income tax deductible for this year corresponds to 11,310 dollars and sales receipts are necessary to deduct expenses in:

• Lease or payment of interest on loans for the purchase of a single home.
• Feeding.
• Food pensions.
• Clothing.
• National tourism in registered establishments and with LUAE The Single Metropolitan License for the Exercise of Economic Activities).
• Health.
• Education (includes expenses incurred in art and culture).

These are the changes in the projection of personal expenses for 2022

Until when can the projection of personal expenses be presented?

In accordance with the first paragraph of article 50 of the Internal Tax Regime Law, it is established that this projection must present the document to employers within the month of January, given this, several companies have days prior to the end of the month for its delivery.

In the event that the employee considers that there are changes in the January projection, a new one can be presented in July or August, although if there is an increase in salary or wages, it can be done in any month of the year.