Taxes are a headache for all workers . However, if for dependent workers everything is transferred to the payroll and the responsibility for the calculation falls on the company, for self-employed workers it is important to know well how the fiscal mechanisms work . In particular, it is essential to understand how the IRPF affects, one of the main taxes that citizens are obliged to pay to the State, the most universal. What is it, who pays it and how does it work?
Definition of IRPF
Personal Income Tax (IRPF) is the personal income tax for individuals , whether salaried or self-employed. It is a progressive tax that increases proportionally as the value of income increases. In its entirety, personal income tax is regulated by Law 35/2006 and Royal Decree 439/2007, which establish how citizens must pay taxes and what deductions they can apply to reduce their tax burden. Everything is governed by the principles of equality, generality and progressiveness.
Personal income tax is due on the ownership of different romania whatsapp data types of income : real estate, i.e. buildings and land; capital; dependent employment (including income similar to that of dependent employment and pension or unemployment benefits); self-employment; and business.
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How to calculate personal income tax?
Since calculating personal income tax can be complex, it is useful to have some prior guidelines to simplify the process and avoid paying more than necessary. It is also advisable to go to a professional manager. To facilitate the calculation, the percentages to be paid will be divided according to the type of income .