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Practical Guide to Income Tax 2025. Part 1.

Deductions from the total liquid contribution

Deduction por obtención de rendimientos del trabajo

Effective from 1 January 2025, and in order to eliminate the tax for recipients of the new minimum interprofessional wage (SMI), which amounts to 16,576 euros per year from 2025, and to reduce the tax for recipients of employment income higher than the minimum interprofessional wage and lower than 18,276 euros per year, a sixty-first Additional Provision is added to Law 35/2006, according to which taxpayers whose total employment income is less than 18,276 euros may apply this deduction to the total net tax liability, reduced, where applicable, by the deduction for international double taxation, due to income obtained and taxed abroad, provided they meet the following requirements:

  • who obtain total income from work, derived from the effective provision of services corresponding to an employment or statutory relationship, of less than 18,276 euros, and

  • that do not have income, excluding exempt income, other than the aforementioned employment income, exceeding 6,500 euros.