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Practical Guide to Income Tax 2025. Part 1.

3. Other business insights

Regulations: See common standard 3 of Annex III Order HAC/1347/2024, of November 28 (BOE November 30th).

The net return on modules must be increased by the amount corresponding to other business receipts such as current and capital subsidies.

The criteria for temporary allocation of current and capital grants are discussed in Chapter of this Manual.

Precision: reimbursement or return of current subsidies

Given that his indictment must be carried out in the tax period that includes the date of the final grant award resolution, that is, when the grant is definitively recognized and quantified, regardless of when it is received, increasing the net income of modules by the amount of the grant received (box [1478], "Other business perceptions"), the return (reimbursement) of the same, if applicable, will have an impact on the net income of modules for the period in which it is made, and said net income must be reduced by such amount, entering its amount in the box [0238], relating to "Reimbursement of subsidies".

Note: Please note that the following direct aid is taxed as current subsidies: ##

  • Direct aid to the road transport sector provided for in articles 34 of Royal Decree-Law 20/2022, of December 27 ( BOE of December 28) and 156 and following of Royal Decree-Law 5/2023, of June 28 ( BOE of June 29).

  • Direct aid granted to holders of economic activities especially affected by the DANA for the destruction or repair of heritage elements included in article 11 of Royal Decree-Law 6/2024 , with the following qualifications. 

    -In the case of public aid intended to compensate for the destruction of assets , the aid received will be fully exempt in accordance with section 1 c) of the Fifth Additional Provision of the Personal Income Tax Law if its amount is greater than the acquisition value of the destroyed asset. But if the amount is lower, the negative difference will be included in the tax base. 

    -When the aid is intended repair damage to assets, only the portion the aid that, where applicable, exceeds the cost of repairing the aforementioned assets will be included in the tax base. In no case will the repair costs, up to the amount of the aforementioned aid, be tax deductible or counted as an improvement.

Unlike the previous benefits, Social Security benefits received for temporary disability, pregnancy risk, or temporary disability, if applicable, are taxed as earned income.