The Treasury will update the minimum wage deduction to 1,030 euros so that its recipients do not pay income tax.
The Government will increase the SMI in 2027 to 18,004 euros per year and adjust income tax to ensure that it does not pay tax.
The Government plans to adjust the personal income tax to ensure that recipients of the new Interprofessional Minimum Wage (SMI) do not pay taxes. The Ministry of Finance intends to review upwards the current tax deduction in the Personal Income Tax (IRPF), which mainly benefits single workers without children. The deduction will be increased from around 590 euros to approximately 1,030 euros per year. This change aims to benefit those who cannot claim other discounts.
Written by urgent.news from El Pais's report — not a translation of it. Machine-written — may contain errors; check the original before relying on it.
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