Deduction for habitual residence and effective on the island of La Palma during the 2024 financial year.

Regulations: Additional Provision fifty-seventh Law IRPF

Attention: Article 3. Three of Royal Decree-Law 4/2024, of June 26, extending certain measures to address the economic and social consequences arising from the conflicts in Ukraine and the Middle East and adopting urgent measures in tax, energy and social matters ( BOE of June 27) modified, with effect from January 1, 2024, the Fifty-seventh Additional Provision of the Personal Income Tax Law, extending for the 2024 tax period the application of the deduction for habitual and effective residence on the island of La Palma .

Article 67 of Law 31/2022, of December 23, on the General State Budget for the year 2023 ( BOE of December 24) added a new Additional Provision fifty-seventh to the Personal Income Tax Law to establish the application of the deduction in the tax periods 2022 and 2023, to taxpayers with habitual and effective residence in the island of La Palma, the deduction provided for in article 68.4.1 of Personal Income Tax Law in its terms and conditions, and it must be understood, for these purposes, that the references made to Ceuta and Melilla in said article 68.4. 1 and in article 58 of the Regulation they are to the island of La Palma. The scope of this deduction has been extended to the 2024 tax period by Royal Decree-Law 4/2024, of June 26.