2024 regulation news
Skip information indexMain regulatory developments Royal Decree-Law 4/2024, of June 26, which extends certain measures to address the economic and social consequences derived from the conflicts in Ukraine and the Middle East and adopts urgent measures in fiscal, energy and social
PERSONAL INCOME TAX
With effect from January 1, 2024 the following modifications are introduced in Law 35/2006, of November 28, of Personal Income Tax ( LIRPF ).
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Reduction for obtaining work income
article 20 of the LIRPF is modified by article 3. One. of Royal Decree-Law 4/2024.
The amount of the reduction for obtaining income from work is increased from the current 6,498 euros to 7,302 euros per year, an amount that will subsequently decrease linearly in two sections as income increases so that:
Taxpayers with net income from work less than 19,747.5 euros as long as they do not have income, excluding exempt income, other than income from work greater than 6,500 euros, will reduce the net income from work by the following amounts:
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Taxpayers with net income from work equal to or less than 14,852 euros: 7,302 euros annually.
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Taxpayers with net income from work greater than 14,852 euros, but equal to or less than 17,673.52 euros: 7,302 euros less the result of multiplying the difference between work performance by 1.75 and 14,852 euros per year.
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Taxpayers with net income from work between 17,673.52 and 19,747.5 euros: 2,364.34 euros less the result of multiplying the difference between work performance by 1.14 and 17,673.52 euros per year.
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Obligation to report
section 3 of article 96 of the LIRPF is modified by article 3. Two. of Royal Decree-Law 4/2024 so that:
The exclusive limit of the obligation to declare in the case of receiving work income provided for in article 96.3 of the LIRPF (those that come from more than one payer with the exceptions indicated in said article ; compensatory pensions for the spouse or non-exempt alimony annuities; in cases where the payer is not obliged to withhold or when the income is subject to a fixed withholding rate) rises to 15,876 euros per year (previously the limit was 15,000 euros).
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Deduction for habitual and effective residence on the island of La Palma
The fifty-seventh Additional Provision is modified by article 3. Three. of Royal Decree-Law 4/2024.
The temporal scope of the deduction provided for in number 1 of section 68 of the LIRPF (deduction for obtaining income in Ceuta and Melilla) applicable to taxpayers with habitual and effective residence on the island of La Palma so that:
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In the tax periods 2022, 2023 and 2024, the deduction provided for in number 1 of section 4 of article 68 of this law will be applicable, under the same terms and conditions, to taxpayers with habitual and effective residence on the island of La Palma, and it must be understood, for these purposes, that the references made to Ceuta and Melilla in said article, in article 101 of this law and in its respective regulatory development, are to the island of La Palma.
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In the 2024 tax period, the provisions of section 1 above will only be applicable to determine:
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The type of withholding and payment on account to be applied on the income to which the aforementioned deduction applies and that have been satisfied as of the entry into force of said Royal Decree-Law (June 28, 2024).
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The type of fractional payment corresponding to the economic activities that are entitled to it whose submission period had not started at the time of entry into force of said Royal Decree-Law (June 28, 2024).
In particular, to calculate the type of withholding or payment on account applicable to work income to which the general withholding procedure referred to in article 82 of the Tax Regulations applies, which are satisfied or paid as of said date, the provisions of section 1 above will be taken into account, regularizing, if applicable, the type of withholding or payment on account in the first earnings from work that are satisfied or paid from said date.
However, the provisions of the previous paragraph may be carried out, at the option of the payer, in the first earnings of the work that are satisfied or paid from the month following the entry into force of said Royal Decree-Law, in which case the rate withholding or payment on account to be applied on the work income satisfied prior to this date will be determined without taking into consideration the provisions of section 1 above.
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Freedom of depreciation in certain vehicles and in new charging infrastructures
A new fifty-ninth Additional Provision is added. Freedom of depreciation in certain vehicles and in new charging infrastructures by article 3. Four. of Royal Decree-Law 4/2024.
It is possible to apply the freedom of amortization provided for in the Corporate Tax to all taxpayers regardless of the method of determining their net income so that:
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The freedom of amortization provided for in the eighteenth Additional Provision of Law 27/2014, of November 27, on Corporate Tax, will apply to taxpayers of this tax who carry out the economic activity to which the vehicles and facilities are affected. recharge, whatever the method of determining its net performance.
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When the vehicles or charging facilities that have enjoyed the freedom of amortization provided for in the eighteenth Additional Provision of the Corporate Tax Law are transferred, for the calculation of the capital gain or loss the acquisition value will not be reduced by the amount of tax-deducted amortizations that exceed those that would have been tax deductible if the former had not been applied. The aforementioned excess will be considered, for the transferor, as full income from the economic activity in the tax period in which the transfer is made, regardless of the method of its determination.
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por el que se prorrogan determinadas medidas para afrontar las consecuencias económicas y sociales derivadas de los conflictos en Ucrania y Oriente Próximo y se adoptan medidas urgentes en materia fiscal, energética y social.