Five Key Changes to Spain's 2025/2026 Income Tax Return — What You Need to Know

Tax Season Is Here

Spain's income tax campaign begins on April 8, giving you until June 30 to complete your personal income tax return — the declaración de la renta. Remember: this covers income earned during the 2025 calendar year, even though you file it in 2026.

This year brings several important changes affecting who needs to file, how much you'll pay and what you can deduct.

1. The Unemployed — No Longer Required to File

Until now, even if you were unemployed you still had to file an income tax return. This year, that changes.

If you were unemployed in 2025 and received only unemployment benefits not exceeding €22,000 annually, you will not have to file la renta. However, if you earned more than this, were self-employed at any point in 2025, or received the Minimum Living Income (IMV), you still need to file.

2. Minimum Wage Earners — New Deduction of Up to €340

If you earned minimum wage in 2025, you can benefit from a new tax deduction:

• Earned €16,576 or less — full €340 deduction
• Earned between €16,576 and €18,276 — deduction calculated proportionally
• Earned above €18,276 — no deduction available

3. Capital Gains Tax Increase Above €300,000

If you earned capital gains exceeding €300,000 last year, be aware that the tax rate has increased from 28% to 30%. This applies to amounts over €300,000 from dividends, bank interest, and gains from selling investment funds, shares or other financial assets.

4. Emergency Aid and Compensation Exempt

Compensation and aid granted to those affected by forest fires and other emergencies — including floods — that occurred between June 23 and August 25, 2025, will be exempt from income tax. This includes aid for repairing homes, vehicles and belongings, as well as aid to businesses and the self-employed in affected areas.

5. Thirty New Regional Tax Deductions

This year there are 30 new regional tax deductions, depending on where you live. Highlights include:

• Coeliac disease — deduction of up to €100 (up to €250 in Andalucía, Asturias or La Rioja)
• Gym membership — deductible for the first time in Andalucía and Murcia
• Vet bills — deductible in Andalucía and Murcia, with Valencia and La Rioja considering similar measures
• Energy efficiency improvements to homes — deductions vary by region and work carried out

Don't Leave It to the Last Minute

If you're an expat in Spain and unsure about any aspect of your return — particularly around which deductions apply to your region or your residency status — it's important to contact a gestor or accountant before the June 30 deadline.

This article is based on reporting from The Local Spain, published April 6, 2026. This article is for informational purposes only and does not constitute tax advice. Always consult a qualified tax professional for your specific circumstances.