New tax package
Tax measures from 1-1-2025
- The total amount of total earned income from the second and other payers is increased to 2,500 euros, so that the general limit of 22,000 euros of total earned income for being obliged to file a tax return for this tax applies in these cases.
- The temporary scope of application of the deduction for works to improve the energy efficiency of dwellings is extended for a further year.
- Likewise, the temporary scope of application of the deduction for the acquisition of ‘plug-in’ electric and fuel cell vehicles and recharging points is extended for a further year.
- The quantitative limits that delimit the scope of application of the objective assessment 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 the volume of income.
As a consequence of the extension, a new deadline is established for submitting waivers or revocations to this method, which runs from 25-12-2024 to 31-1-2025. The waivers 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 in a working period, without prejudice to taxpayers being able to modify their option within the new extended period.
From 1-1-2024
The imputation of real estate income at 1.1% is extended to the 2024 tax period for properties located in those municipalities in which the cadastral values have been revised, modified or determined by means of a general collective valuation procedure, provided that they came into force on or after 1-1-2012.
Corporate Income Tax (IS)
The freedom to depreciate investments that use energy from renewable sources is extended so that it will also be applicable in tax periods that begin or end in 2025, when the elements that can benefit from the freedom to depreciate come into operation in 2025.
Value Added Tax (VAT)
- From 1-1-2025, the exclusion limit of EUR 250,000 instead of EUR 150,000 is extended to 2025.
As a consequence of the extension, a new deadline for renunciations and revocations of these regimes is established.
of these schemes, which runs from 25-12-2024 to 31-1-2025.
The waivers 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 during the working period, without prejudice to taxpayers being able to 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 qualify as a reliable operator is reduced to 550 million.
Tax on the Increase in the Value of Urban Land (IIVTNU)
For the purposes of calculating the taxable 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 |
Rates of the Tax on Economic Activities (IAE)
With effect from 1-1-2025, group 861 of section 2ª (Professional Activities) of the IAE Rates is modified to include Artists of Sacred Art.
Tax on Liquids from Electronic Cigarettes and other Tobacco-related Products
The entry into force of the new Tax on Liquids from Electronic Cigarettes and other Tobacco-Related Products is postponed to 1-4-2025, in order to ensure a greater time margin for the proper assimilation of the obligations that the regulation imposes on taxpayers of the new Tax. In addition, a technical regulation procedure is established.
Tax on the margin of interest and commissions of certain financial institutions
For technical reasons, certain elements of the tax are modified, basically,
tax period and accrual and, consequently, in order to ensure the neutrality of these modifications, a quota adjustment is provided for in the event that structural modification operations 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’, it is established as follows:
a) Individuals who acquire the status of IRPF taxpayers as a result of travelling to Spanish territory for the finals of the UEFA Women’s Champions League 2024 and the UEFA Europa League 2025 may opt to pay tax under the special scheme for workers travelling to Spanish territory.
b) The legal entities constituted by the organising entity or the participating teams enjoy the IS exemption for the income obtained during the holding of these events, provided that it is directly related to their participation in them.
c) In the field of IRNR, a series of tax incentives are provided both for the organising entity and the teams participating in the event and for the individuals providing services to them.
d) With regard to VAT, special measures are established in relation to:
- the refund of VAT paid on transactions related to the holding of the sporting event;
- the appointment of a representative
- the importation of goods used temporarily in the holding of such events; and
- the application of the effective use rule.
If you have any doubts on this subject, please do not hesitate to contact us, by telephone to Carles Monfort Codina or by e-mail to cmc@btsasociados.com, we will be delighted to help you.