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New regulations for 2024

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Main tax changes introduced by Royal Decree-Law 9/2024, of December 23, which adopts urgent measures in economic, tax, transport, and Social Security matters, and extends certain measures to address situations of social vulnerability

CORPORATION TAX

Article 7 of Royal Decree-Law 9/2024, of December 23, introduces the following modification to Law 27/2014, of November 27, on Corporate Income Tax:

  • Extension of the freedom of amortization regulated in the Seventeenth Additional Provision of Law 27/2014, on Corporate Tax, “Freedom of amortization in investments that use energy from renewable sources”

With effect for tax periods beginning on or after January 1, 2025, the Seventeenth Additional Provision of Law 27/2014, of November 27, on Corporate Tax, is amended by article 7 of Royal Decree-Law 9/2024, to extend in 2025 the freedom of amortization in investments that use energy from renewable sources , by which taxpayers may freely amortize investments made in facilities for self-consumption of electrical energy, as well as those facilities for thermal use for own consumption, provided that they use energy from renewable sources and replace facilities that consume energy from non-renewable fossil sources, so the entry into operation of the aforementioned investments must be made in 2025.

The aim of this measure is to promote the replacement of fossil fuels with locally produced renewable energy in order to contribute to improving the competitiveness of Spanish companies, the fight against climate change and improving the country's energy security.

(The Seventeenth Additional Provision of Law 27/2014 is modified by article 7 of Royal Decree-Law 9/2024)

Real Decreto-ley 9/2024, de 23 de diciembre,

por el que se adoptan medidas urgentes en materia económica, tributaria, de transporte, y de Seguridad Social, y se prorrogan determinadas medidas para hacer frente a situaciones de vulnerabilidad social.