When the 2020 campaign opens

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Economy

STATEMENT OF INCOME

Agencies | Drafting

The Income campaign will begin on May 4, but it is not known when it will end. They have begun to send the proposals for the return of 432 million that the Treasury calculates to reimburse this year.

The Provincial Treasury of Bizkaia will start the Income and Assets campaign corresponding to 2019 on May 4, which it will “adapt” to the needs of the coronavirus crisis. This past Thursday began sending proposals for the return of the 432 million that calculates to reintegrate this year to the Biscayan, which will try to “expedite”.

José María Iruarrizaga, deputy for the Treasury of Bizkaia, explained that this year’s income campaign “will have to be adapted” to the needs caused by the coronavirus and that his department wants to “facilitate” taxpayers compliance with their obligations taxes and “return as soon as possible” the amounts of personal income tax for “favor the liquidity of families” under the current circumstances.

The Biscayan Treasury plans to process this year 580,409 statements, of which 397,669 -68% – will be “to return” to the taxpayer, for an amount of 431.6 million euros. The average return will be 1,085 euros.

The 182.740 declarations “to be entered” will provide the Treasury 375.6 million euros, with an average payment of 2,056 euros.

They are, according to the Treasury, figures very similar to the results obtained in the income campaign last year.

Iruarrizaga explained that this year the three usual channels for filing returns will be used again: Rent House (They are those made by the Treasury itself and sent to homes), Internet, and of face-to-face in financial institutions, although in this case, due to the state of alarm due to the coronavirus, this service It will be offered when possible, without a fixed date, and for two months.

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For this reason, the deputy for the Treasury has indicated that the income campaign starts this year on May 4, but it is not yet known when it will end, since it will be when the two months of face-to-face care are over.

The Treasury of Bizkaia has launched the hotline service (94 608 3000), the submission of Renta Etxean proposals and the website www.bizkaia.eus/renta.

Also, it has begun to send the first draft declaration, which offers six out of ten taxpayers.

Hacienda will send already made 342,156 proposals for declaration. Of them, 225,277 will be returned (green notification) and 116,879 to enter (blue).

In a note, the Provincial Council has indicated that it will begin with the returns of the returns with results in favor of the taxpayer in the first week of May.

The collection of the declarations to enter will take place on the last day of the Bell. If you opt for the installment payment, the second payment will be made on November 10.

As a novelty in this year’s campaign, the Treasury will activate an appointment system for the services in their offices and makes it easier for taxpayers to obtain a key “bak”, with which they will be able to safely carry out procedures over the Internet, without having to travel to the offices of the Provincial Council.

They must present the income tax return those whose income from work exceed 20,000 euros.

Regarding tax deductions, the Provincial Council estimates that in the Renta20 campaign, taxpayers will benefit from more than 608 million euros, for habitual residence, rent, descendants, elderly and disability.

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What’s more, 174,000 contributors will benefit from deductions for contributions made to EPSV, pension plans and mutual societies, for an amount of 109 million euros.

Also since May 4 the campaign will be developed declaration of the Wealth Tax, in which the Provincial Treasury hardly expects differences with respect to last year’s result: the number of declarations would reach 7.500, And the result, 74 million euros.

They must present the declaration of heritage – obligatorily through the Internet – taxpayers with a higher net worth to two million euros.



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George Holan

George Holan is chief editor at Plainsmen Post and has articles published in many notable publications in the last decade.

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