Update - Spanish 2023 Budget Tax Measures for Individuals

As previously reported, Spain published Law 31/2022 of 23 December 2022 in the Official Gazette, which contains measures for the 2023 State Budget. Some of the main tax measures for individuals include the following:

• The income threshold for filing individual income tax returns is increased from EUR 14,000 to EUR 15,000 for taxpayers earning employment income from more than one payer, although the threshold is EUR 22,000 if amounts obtained from the second and subsequent payer do not exceed…