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Specific manual for people with disabilities

Tax treatment of contributions received

(Art. 17.k) and eighteenth additional provision of the Personal Income Tax Law)

Contributions made to protected assets are considered work income for the disabled person who owns said assets, with the following limits and conditions:

  1. When the contributors are taxpayers of thePIT, up to the amount of 10,000 €annual for each contributor and €24,250annual for all contributors.

  2. When the contributors are taxpayers of the Corporate Tax , provided that the contributions have been deductible expenses in the Corporate Tax, with a limit of € 10,000 per year. This limit is independent of those indicated in number 1 above.

The amount of contributions that, due to exceeding the limits and conditions mentioned above, are not considered income from work will be subject to Inheritance and Gift Tax.

Finally, amounts that, in the terms discussed above, are considered work income are not subject to withholding or payment on account.

The integration of work income into the tax base of thePITof the disabled taxpayer, owner of the protected assets, will be made only for the amount in which these incomes exceed three times the public indicator of multiple effects income (IPREM), an amount that in the year 2022 amounts to €24,318.84 (€8,106.28 x 3).