IRPF stands for “Impuesto sobre la Renta de las Personas Físicas,” which translates to “Income Tax on Individuals” in English. It is a tax levied on the income and earnings of individuals, primarily based on their worldwide income. The IRPF system is progressive, meaning that the tax rate increases as the individual’s income rises. It applies to various forms of income, including wages, interest, dividends, rental income, and capital gains.
In many countries, the IRPF requires individuals to file an annual tax return, detailing their income and deductions, to determine the amount owed or any potential refund. The specific regulations and rates can vary by jurisdiction, but the purpose of the IRPF is to generate revenue for government operations while also aiming for fairness in taxation based on individuals’ financial capabilities. It plays a crucial role in funding public services and welfare programs.
Los jubilados aún deben pagar IRPF sobre las pensiones, no están exentos de impuestos. La pensión media en 2025 será de 1,490.5 euros mensuales. La tasa de retención del IRPF…