The new tax relief on IRS will arrive in November and will be applied retroactively to January. The measure will be approved in the Council of Ministers next week.
The estimated budgetary cost of this measure is 400 million euros. This value represents the financial impact that the IRS reduction will have on public accounts.
Taxpayers will benefit from an adjustment in the amounts already deducted throughout the year, which will be processed automatically. This correction aims to compensate taxpayers for the difference between what was paid and the new amount due.
