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, approves certain tax measures, among which the following should be highlighted:

Personal Income Tax

• With effect from 1 January 2025, the total amount of gross employment income from the second and remaining payers requiring the filing of an income tax return will be raised to 2,500 euros, so taxpayers with incomes of up to 22,000 euros who have more than one payer will not be required to file an income tax return, provided that the sum of the incomes of the second or remaining payers does not exceed 2,500 euros (until now it was 1,500 euros).

• The deduction for works to improve the energy efficiency of homes is extended until December 31, 2025.

• The deduction for the purchase of plug-in electric vehicles, fuel cell vehicles and charging stations is extended until December 31, 2025.

• With effect from 1 January 2024, the imputation of real estate income at 1.1% will apply if the properties are located in municipalities with revised cadastral values, provided that they came into force on or after 1 January 2012.

Objective estimation in personal income tax. Simplified regime and special regime for agriculture, livestock and fishing of VAT

• With effect from 1 January 2025 and for an indefinite period, the quantitative limits that delimit the scope of application of the objective estimation method in personal income tax are extended until 2025, with the exception of agricultural, livestock and forestry activities, which have their own quantitative limit based on the volume of income. The limits for the application of the simplified regime and the special regime for agriculture, livestock and fishing in VAT are also extended for the 2025 tax period.

• The deadline for submitting waivers or revocations of the objective estimation method of personal income tax and the simplified special regimes and the agriculture, livestock and fishing regimes of the Value Added Tax will be from December 25, 2024 to January 31, 2025. However, resignations and revocations for 2025 that were submitted between December 1 and 24, 2024 will be valid; Resignations or revocations requested on those dates may also be modified until January 31, 2025.

VAT

• Certain measures are introduced in relation to tax warehouses for gasoline, diesel and other fuels.

 Corporation Tax

• With effect from 1 January 2025, the freedom of amortisation for those investments that use energy from renewable sources is extended to the year 2025.

Other taxes

• The entry into force of the new tax on e-cigarette liquids and other tobacco-related products has been postponed until 1 April 2025. Self-assessments for the settlement periods of April, May and June 2025 must be submitted from July 1 to July 20, 2025. The regularization of the products subject to the tax stored upon the entry into force of the Tax on electronic cigarette liquids and other tobacco-related products is also established.

• Changes are introduced to the Tax on the interest margin and commissions of certain financial institutions, with effect for tax periods starting from January 1, 2024, which primarily affect the tax period and the accrual of the tax. The deadlines for making the split payment and self-assessment of the tax are therefore adjusted.

The tax regime applicable to the development and holding of the finals of the “UEFA Women's Champions League 2024” and the “UEFA Europa League 2025” is also established.