Ximo Puig announces a new IRPF rate for incomes of less than 60,000 euros

The president of the Generalitat, Ximo Puig, announced today some of the measures that will include the Valencian tax reform, which will have retroactive effect from 1 January 2022. These include a 10% increase in “all tax deductions and bonuses”.

It won’t be the only one, having also confirmed a new regional IRPF rate for 2022, with inflation-adjusted tranches that will benefit “the majority of society”. ” Our perspective is clear: no fiscal populism,” the leader said.

In addition, he has confirmed that in the Valencian Community the wealth tax will be maintained because “only 0.5% of Valencians ” are affected by it.