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Friday, September 30, 2022

It is a proposal of UPTA to reduce the impact of inflation

The Union of Professionals and Self-Employed Workers (UPTA) proposes creating energy bonuses, lowering income tax on bills or VAT rates for basic meals to counter the effects of inflation.

The organization advocates with a range of measures to counter the rise in prices due to an increase in the CPI that helps the self-employed and companies.

Among the proposed measures, the implementation of energy bonus for both self-employed and micro enterprises is noteworthy. Through this bonus they want to establish a discount for those who have more than 8 hired employees and who have seen a 20% increase in cost compared to the same period last year. The amount of bonus will depend on the number of workers who are hired by the self-employed individual or micro enterprise. Of course, this amount cannot exceed 40% of the total energy cost.

Income tax reduction for the weak self-employed

Further, UPTA asks to reduce IRPF withholding percentage in invoices issued by these professionals and to guarantee compliance in payment of invoices so as to avoid crime.

The Union of Professionals and Autonomous Workers also proposes a reduction in personal income tax for the most vulnerable self-employed, i.e. those whose income is less than 18,000 euros per year.

With regard to VAT, the self-employed organization asks for reduction of VAT on basic food and items in the same category, with VAT being levied at 4% and 10%. This measure, they point out to UPTA, would mean a reduction in the final price of food, without it reducing collections.

Lastly, UPTA requests that the bank commission also be reduced and a ceiling may be fixed on the commission to be charged by the bank. In that sense, he recalls that the government established new taxes for banks and energy companies. He claims, “It is necessary to build a firewall so that we are not self-employed or citizens who have to face the consequences of adopting these measures.”

World Nation News Desk
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