The Treasury will wait to know the specific increase in the 2025 SMI to study how the personal income tax is

Experts advise Labor to increase the SMI for this year of up to 50 euros per month

Jan. 10 () –

The Ministry of Finance will wait to know the specific increase in the Minimum Interprofessional Salary (SMI) of 2025 to study whether or not it is taxed in the Personal Income Tax (IRPF), as confirmed by sources from the Department to Europa Press.

The newspaper ‘El País’ announced this Friday that the Treasury rules out adapting the personal income tax to the increase in the SMI and will force its beneficiaries to pay taxes, although the Ministry headed by María Jesús Montero assures Europa Press that they must wait to find out the increase. to know how the personal income tax will be.

Looking ahead to 2025, the Committee of Experts that advises the Government on the increase in the interprofessional minimum wage (SMI) has recommended to the Ministry of Labor that it increase it this year by 3.4% or 4.4%, which would mean a maximum increase of 50 euros per month.

Specifically, if the first option is applied, an increase of 3.4%, the SMI would be 1,172.5 euros per month for fourteen payments, while if it is decided that the increase is 4.4%, this minimum income would be around the 1,184 euros.

LAST YEAR RAISED THE MINIMUM EXEMPT FROM IRPF TO ADAPT IT TO THE SMI

Last year, the Treasury did update the minimum income tax exemption from 15,000 euros to 15,876 euros annually, with the aim of updating it to the increase in the Minimum Interprofessional Salary (SMI), which represented just that same figure in its annual calculation.

To do this, the Treasury modified the Personal Income Tax regulations so that these taxpayers would not bear the withholding tax.