many mutualists could be left without the refund of personal income tax

For decades, thousands of workers contributed to labor mutual funds without knowing that these contributions could give them the right, in retirement, to pay less taxes or even to recover money paid too much. However, the lack of information, ignorance of the process or the belief of not being affected has meant that many pensioners have not yet requested this personal income tax refund recognized by the Supreme Court.

Although it may seem that those who can benefit have already done so, Both the Treasury and the unions insist that there are still many people without requesting it. It is not known exactly how many could be in this situation, but the pensioner federations of the main unions consider that the figure could be very high.

The reasons why many people have not requested a refund are varied. Some worked only a few years and believe they have no right; others They come from sectors with lower qualifications and are unaware that they contributed to labor mutual societies.

Furthermore, there are pensioners who, as they are not required to submit the Income Tax return Due to the low amount of their pension, they believe that they do not have any pending procedures with personal income tax. This false perception means that they do not know that they can recover part of the money they paid in the past.

Mutualists who listed between 1967 and 1978

This This right affects mutual members who contributed to labor mutual societies instead of Social Security between 1967 and 1978.as well as those who did so before 1967, before these entities were integrated into Social Security. In these cases, they can claim in a single payment the refund of the fees that were not subject to a reduction in personal income tax when they were paid.

The return is recognized based on a ruling by the Supreme Court, which determined that Those who contributed to labor mutual societies between 1967 and December 31, 1978 are entitled to a tax reduction of 25% about that part of your pension. That is, they only have to pay taxes on 75% of those amounts. For those who contributed before 1967, the reduction can reach 100%, which means that that part of their pension is completely exempt from taxation.

Can I request a refund currently?

Personal income tax refunds began to be paid last August for those who submitted the application using the form available on the Tax Agency (AEAT) website. However, Those who have not yet started the process still have time to do so. Of course, if they are presented now, it will no longer be possible to recover the amount corresponding to the 2019 fiscal year, which is considered lost.

According to the AEAT, there are deadlines for applications to take effect in each pending year. Refunds linked to the years 2020, 2021 and 2022 may be claimed until February 2, 2026. Subsequently, February 2, 2027 will be the deadline to recover what is related to 2021 and 2022. Finally, those who claim before February 2, 2028 will be able to obtain the refund corresponding to the 2022 financial year.

This procedure is also available for those people who did not or do not usually file the Income Tax return. In these cases, the Tax Agency can recalculate personal income tax taking into account your condition of mutualists and, if the result favors them, proceed to return the money they overpaid at the time.