Changes in Income Declaration: This Is the New Deduction that Affects the Lowest Salaries

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The Council of Ministers has approved for the fourth consecutive year a tax reduction for the lowest salaries.The objective is that the workers benefiting from the increase of the Minimum Interprofessional Wage (SMI), set at 2026 at 17,094 euros per year (1,221 euros per month in 14 payments), will recover in the income declaration the IRPF retained on the payroll.The measure, which will affect the 2026 financial year and will be applied in the …

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This week, the Council of Ministers approved an increase in the minimum wage of 3.1% for the year 2026, setting it at 1,221 euros per month at 14 payments. This measure, agreed with the trade unions CCOO and UGT, includes a modification in the IRPF that exempts from taxation the new minimum wage. However, what really stands out is the fiscal impact that extends beyond this measure: GESTHA technicians (Technicians of the Ministry of Finance) have…