New package of tax measures
Tax measures from 1-1-2025
- The total amount of gross earned income from the second and remaining payers is increased to 2,500 euros, so that in these cases, the general limit of 22,000 euros of gross earned income is applied to be obliged to file a tax return for this tax.
- The time frame for the application of the deduction for energy efficiency improvement works on homes is extended for another year.
- Likewise, the time frame for the application of the tax credit for the purchase of ‘plug-in’ electric vehicles and fuel cell vehicles and charging points is extended for another year.
- The quantitative limits that delimit the scope of application of the objective estimation method are extended for the 2025 tax period, with the exception of agricultural, livestock and forestry activities, which have their own quantitative limit based on income volume.
As a consequence of the extension, a new period has been established for the presentation of waivers or revocations of this method, which runs from 25-12-2024 to 31-1-2025. Waivers and revocations submitted for the year 2025 during the month of December 2024, prior to the start of the aforementioned period, are deemed to have been made within the working period, without prejudice to the fact that taxpayers may modify their option within the new extended period.
From 1-1-2024
The allocation of real estate income at 1.1% is extended to the 2024 tax period for properties located in those municipalities where the cadastral values have been revised, modified or determined by means of a general collective valuation procedure, provided that they had come into force as of 1-1-2012.
Corporate Income Tax (CIT)
The freedom of amortisation in investments that use energy from renewable sources is extended so that it will also be applicable in the tax periods that begin or end in 2025, when the elements that can benefit from the freedom of amortisation come into operation in 2025.
Value Added Tax (VAT)
- From 1-1-2025, the exclusion limit of 250,000 euros instead of 150,000 euros is extended to the 2025 financial year.
As a result of the extension, a new period for waivers and revocations
of these regimes is established, which runs from 25-12-2024 to 31-1-2025.
Renunciations and revocations submitted for the year 2025 during the month of December 2024, prior to the start of the aforementioned period, are understood to have been made within the working period, without prejudice to the fact that taxpayers may modify their option within the new extended period.
- From 25-12-2024, with regard to tax warehouses, subsidised diesel is included in the new management system for tax warehouse withdrawals, and the volume of withdrawals required to be attributed the status of reliable operator is reduced to 550 million.
Tax on the Increase in Urban Land Value (IIVTNU)
For the purposes of calculating the tax base of the tax according to the objective system, with effect
from 1-1-2025, the maximum amounts of the coefficients to be applied to the value of the land at the time of accrual, according to the period of generation of the increase in value, are as follows:
| Generation period | Coefficient |
| Less than 1 year. | 0,16 |
| 1 year. | 0,15 |
| 2 year. | 0,15 |
| 3 year. | 0,15 |
| 4 year. | 0,16 |
| 5 year. | 0,18 |
| 6 year. | 0,20 |
| 7 year. | 0,22 |
| 8 year. | 0,23 |
| 9 year. | 0,21 |
| 10 year. | 0,16 |
| 11 year. | 0,13 |
| 12 year. | 0,11 |
| 13 year. | 0,10 |
| 14 year. | 0,10 |
Business Tax Rates (IAE)
With effect from 1-1-2025, group 861 of section 2 (Professional Activities) of the IAE Rates is modified to include Artists of Sacred Art.
Tax on Liquids of Electronic Cigarettes and other Tobacco-related Products
The entry into force of the new tax on liquids for electronic cigarettes and other tobacco-related products has been delayed until 1 April 2025, in order to ensure a greater time margin for the proper assimilation of the obligations that the regulations impose on taxpayers of the new tax. In addition, a technical regulation procedure is established.
Tax on the interest margin and commissions of certain financial institutions
For technical reasons, certain elements of the tax are modified, basically
tax period and accrual, and, consequently, in the interests of neutrality of these modifications, an adjustment in the quota is foreseen in the case that operations of structural modification are carried out in which entities are extinguished.
UEFA Women’s Champions League 2024 and UEFA Europa League 2025
In relation to the tax regime applicable to the finals of the ‘UEFA Women’s Champions League 2024’ and the ‘UEFA Europa League 2025’, the following is established:
a) Natural persons who acquire the status of personal income taxpayers as a result of their displacement to Spanish territory on the occasion of the finals of the UEFA Women’s Champions League 2024 and the UEFA Europa League 2025, may opt to be taxed under the special regime for workers displaced to Spanish territory.
b) Legal persons constituted by the organising body or the participating teams enjoy exemption from corporation tax on income obtained during the staging of these events, provided that it is directly related to their participation in them.
c) In the area of non-resident income tax, a series of tax incentives are planned for the organising body and the teams participating in the event, as well as for the individuals providing services to the former.
d) With regard to VAT, special measures are established in relation to:
- the refund of input VAT incurred in the performance of operations related to the staging of the sporting event;
- the appointment of a representative;
- the importation of goods temporarily used in the development of these events; and
- the application of the effective use rule.
If you have any questions regarding this topic, please do not hesitate to contact us, by telephone to Carles Monfort Codina or by e-mail cmc@btsasociados.com, we will be happy to assist you.