Earned income

Exempt work income in kind

The first Final Provision of Royal Decree-Law 35/2020, of December 22, on urgent measures to support the tourism, hospitality and commerce sector and in tax matters (BOE of 23) has modified article 42.3.a) of the Personal Income Tax Law to specify that the exemption of deliveries to employees of products at reduced prices that are made in canteens or company canteens or commissaries of a social nature (including indirect formulas for providing the service) whose amount does not exceed the amount that determined by regulations, it will be applied regardless of whether the service is provided on the premises of the hospitality establishment or outside it, after collection by the employee or by delivery to his or her workplace or to the place chosen by the employee to carry out the service. their work on days when it is done remotely or through teleworking.

Reductions applicable to certain full income

Transitional regime for reductions on benefits received in the form of capital derived from private social security systems.

In 2020, it is no longer possible to apply this transitional reduction regime to benefits received in the form of capital derived from pension plans, social security mutual societies and pension plans insured for contingencies that occurred in 2011 or previous years.