Due to the price increase

Regulations: Additional Provision Four. Sixteen of the Revised Text of the current legal provisions issued by the Autonomous Community of the Canary Islands on transferred taxes, approved by Legislative Decree 1/2009, of April 21

Temporal scope : Initially limited to the 2022 financial year, the application of this deduction has been extended to the 2023 financial year .

Amount of deduction

In order to mitigate the effects of rising prices on the application of their income, the taxpayer may deduct the expenses incurred on the shopping basket, with the following limits:

In individual taxation

• 225 euros when the sum of the general tax base and savings is less than 20,000 euros.

• 175 euros when the sum of the general tax base and savings is equal to or greater than 20,000 euros and less than 25,000 euros.

• 125 euros when the sum of the general tax base and savings is equal to or greater than 25,000 euros and less than 30,000 euros.

In joint taxation

• 225 euros when the sum of the general tax base and the savings income is less than 30,000 euros.

• 175 euros when the sum of the general tax base and savings is equal to or greater than 30,000 euros and less than 35,000 euros.

• 125 euros when the sum of the general tax base and savings is equal to or greater than 35,000 euros and less than 40,000 euros.

Note: the sum of the amount of the general tax base and the savings tax base is the one reflected in boxes [0435] and [0460] of the declaration.