{"id":7952,"date":"2025-01-22T18:36:43","date_gmt":"2025-01-22T16:36:43","guid":{"rendered":"https:\/\/www.feliu.biz\/?p=7952"},"modified":"2025-01-22T18:37:55","modified_gmt":"2025-01-22T16:37:55","slug":"new-tax-measures-for-2025","status":"publish","type":"post","link":"https:\/\/www.feliu.biz\/en\/new-tax-measures-for-2025","title":{"rendered":"NEW TAX MEASURES FOR 2025: CHANGES TO IRPF, CORPORATE TAX, AND VAT"},"content":{"rendered":"<p>At the end of December, significant tax changes were approved through Law 7\/2024 and Royal Decrees-Law 9\/2024 and 10\/2024. These modifications, effective January 1, 2025, aim to adapt the tax system to current economic challenges and promote a more balanced and efficient fiscal framework.<\/p>\n<h3>Key Changes to IRPF (Personal Income Tax)<\/h3>\n<ul>\n<li><strong>Higher declaration exemption thresholds<\/strong>: Starting January 1, 2025, taxpayers with annual incomes up to \u20ac22,000 will be exempt from filing income tax returns, provided income from a second payer does not exceed \u20ac2,500 (previously \u20ac1,500).<\/li>\n<li><strong>Extended deductions for energy efficiency<\/strong>:\n<ul>\n<li>Works to reduce heating and cooling demand in primary residences or rented properties will qualify for a 20% deduction, up to \u20ac5,000, until December 31, 2025.<\/li>\n<li>Improvements in non-renewable primary energy consumption will have a 40% deduction, capped at \u20ac7,500.<\/li>\n<li>Energy rehabilitation works in residential buildings will benefit from a 60% deduction, with an annual limit of \u20ac5,000, and up to \u20ac15,000 accumulated across subsequent years.<\/li>\n<\/ul>\n<\/li>\n<li><strong>Support for electric vehicles<\/strong>: The 15% deduction for purchasing a new electric vehicle or installing charging points in properties is extended until December 31, 2025. Deduction limits are \u20ac20,000 and \u20ac4,000, respectively.<\/li>\n<li><strong>Increased marginal rate on savings income<\/strong>: Savings income exceeding \u20ac300,000 will now be taxed at 30%, up from 28%, reinforcing system progressivity.<\/li>\n<li><strong>Reductions for exceptional artistic income<\/strong>: Income from artistic activities exceeding 130% of the average from the past three years will receive a 30% reduction, capped at \u20ac150,000 annually.<\/li>\n<\/ul>\n<h3>Updates to Corporate Tax<\/h3>\n<ul>\n<li><strong>Expanded capital reserve deductions<\/strong>: Companies can benefit from a reduction rate of 20%-30% if their workforce grows by 2%-10% or more. The reduction&#8217;s application limit increases to 20%-25% of the tax base, depending on business turnover.<\/li>\n<li><strong>Reduced rates for microenterprises<\/strong>:\n<ul>\n<li>Companies with annual revenues below \u20ac1 million will pay a 17% rate on their first \u20ac50,000 of taxable income and 20% on the remainder.<\/li>\n<li>Small entities with revenues below \u20ac10 million will benefit from a 20% rate.<\/li>\n<\/ul>\n<\/li>\n<li><strong>Global minimum taxation of 15%<\/strong>: A new complementary tax ensures that large multinational and national groups pay at least 15% of their profits in each jurisdiction, aligning with OECD Pillar 2 requirements.<\/li>\n<\/ul>\n<h3>Changes to VAT<\/h3>\n<ul>\n<li><strong>4% reduced rate<\/strong>: Fermented milk will now be taxed at the super-reduced rate, benefiting both consumers and producers.<\/li>\n<li><strong>Anti-fraud measures on fuels<\/strong>: Owners of tax warehouses must guarantee VAT payment before fuels leave their facilities. Joint liability and mandatory monthly declarations are also introduced.<\/li>\n<li><strong>Extension of special regimes<\/strong>: Simplified regimes and modules will remain in place for 2025, providing stability for sectors like agriculture, livestock, and fisheries.<\/li>\n<\/ul>\n<h3>Other Notable Measures<\/h3>\n<ul>\n<li><strong>Refunds to mutual fund members<\/strong>: Procedures are established for refunds corresponding to tax years 2019-2022, as per Supreme Court rulings.<\/li>\n<li><strong>Electronic invoicing<\/strong>: Private platforms must submit copies of all issued invoices to the public solution, ensuring greater transparency and data protection.<\/li>\n<li><strong>Tourist rentals<\/strong>: Efforts are underway to harmonize VAT within the EU, enabling taxation of short-term rentals in areas facing tourism saturation or housing access challenges.<\/li>\n<\/ul>\n<p>These measures, effective January 1, 2025, aim to improve tax system sustainability, combat fraud, and foster balanced economic growth.<\/p>\n<p style=\"text-align: center;\"><a href=\"http:\/\/www.feliu.biz\/\" target=\"_blank\" rel=\"noopener\">www.feliu.biz<\/a>\u00a0\u2502\u00a0<a href=\"http:\/\/www.expatfeliu.com\/\" target=\"_blank\" rel=\"noopener\">www.expatfeliu.com<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>At the end of December, significant tax changes were approved through Law 7\/2024 and Royal Decrees-Law 9\/2024 and 10\/2024. These modifications, effective January 1, 2025, aim to adapt the tax system to current economic challenges and promote a more balanced and efficient fiscal framework. Key Changes to IRPF (Personal Income Tax) Higher declaration exemption thresholds: [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":7950,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"site-sidebar-layout":"default","site-content-layout":"","ast-site-content-layout":"default","site-content-style":"default","site-sidebar-style":"default","ast-global-header-display":"","ast-banner-title-visibility":"","ast-main-header-display":"","ast-hfb-above-header-display":"","ast-hfb-below-header-display":"","ast-hfb-mobile-header-display":"","site-post-title":"","ast-breadcrumbs-content":"","ast-featured-img":"","footer-sml-layout":"","ast-disable-related-posts":"","theme-transparent-header-meta":"default","adv-header-id-meta":"","stick-header-meta":"default","header-above-stick-meta":"","header-main-stick-meta":"","header-below-stick-meta":"","astra-migrate-meta-layouts":"set","ast-page-background-enabled":"default","ast-page-background-meta":{"desktop":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"tablet":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"mobile":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""}},"ast-content-background-meta":{"desktop":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"tablet":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"mobile":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""}},"footnotes":""},"categories":[25],"tags":[],"class_list":["post-7952","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news"],"_links":{"self":[{"href":"https:\/\/www.feliu.biz\/en\/wp-json\/wp\/v2\/posts\/7952","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.feliu.biz\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.feliu.biz\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.feliu.biz\/en\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.feliu.biz\/en\/wp-json\/wp\/v2\/comments?post=7952"}],"version-history":[{"count":1,"href":"https:\/\/www.feliu.biz\/en\/wp-json\/wp\/v2\/posts\/7952\/revisions"}],"predecessor-version":[{"id":7953,"href":"https:\/\/www.feliu.biz\/en\/wp-json\/wp\/v2\/posts\/7952\/revisions\/7953"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.feliu.biz\/en\/wp-json\/wp\/v2\/media\/7950"}],"wp:attachment":[{"href":"https:\/\/www.feliu.biz\/en\/wp-json\/wp\/v2\/media?parent=7952"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.feliu.biz\/en\/wp-json\/wp\/v2\/categories?post=7952"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.feliu.biz\/en\/wp-json\/wp\/v2\/tags?post=7952"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}