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2w ago

Asturias Proposes Tax Cuts for Low Earners and Hikes for Top Incomes

The reform plan, presented by President Adrián Barbón, reduces IRPF rates for the lowest bracket and increases thresholds, while raising top-bracket rates pending coalition agreement.

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Overview

  • Asturias' government has submitted a fiscal reform to the Junta General, reducing the IRPF rate for the lowest income bracket from 10% to 9%.
  • The reform raises personal and family minimum thresholds by 10%, allowing taxpayers to contribute less based on factors like age and number of children.
  • Higher IRPF tariffs for top income brackets are planned but remain unspecified, aligning with demands from coalition partner Izquierda Unida.
  • President Adrián Barbón framed the reform as evidence of a transparent and responsive government during a session with opposition leader Álvaro Queipo.
  • Bizkaia, meanwhile, reports an 11.4% revenue increase through April 2025, driven by tax policy adjustments and extraordinary levies.