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Practical Income Manual 2022.

For certain subsidies and aid granted due to a declaration of an area seriously affected by a civil protection emergency

Regulations: Art. 3 ter Consolidated Text of the Legal Provisions of the Autonomous Community of the Balearic Islands regarding Taxes Transferred by the State, approved by Legislative Decree 1/2014, of June 6

Amount and requirements for applying the deduction

  • The amount of this deduction will be the result of applying the average tax rate to the amount of the subsidy in the taxable base.

  • The deduction may be applied by taxpayers who include in the general tax base income corresponding to subsidies or public aid granted by the autonomous community of the Balearic Islands due to damage caused by emergencies that, in accordance with article 23 of the Law 17/2015, of July 9, on the National Civil Protection System, have been declared by the Council of Ministers as areas seriously affected by a civil protection emergency.