Regional Deduction Rules in Aragón

Xolo
Written by Xolo
on abril 29, 2024 3 minute read

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verified by Cristina Gómez Torrens
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Welcome to the Aragón Regional Deductions guide for the current fiscal year.  Aragón offers a range of tax advantages that can enhance your income tax refund. Whether you're a student, parent, property renter, or investor, this guide provides essential insights into maximizing your tax benefits under the regional rules applicable in Aragón. From educational expenses, rental deductions, and family-related benefits to specific incentives for young entrepreneurs and investments in newly created entities, you'll find a variety of tax reliefs tailored to support different aspects of life and economic activity in Aragón. By understanding and utilizing these deductions, you can significantly reduce your tax liabilities and optimize your financial planning. Dive into the specifics and learn how you can benefit today.

 

What are the regional deductions in Aragón?

The tax benefits in Aragón known as regional deductions offer taxpayers a delightful discount on their taxes. These deductions are specifically tailored to the Personal Income Tax system of this autonomy. While the overall income tax return process is conducted nationwide in Spain, Aragón provides its residents with unique deductions. This is because the revenue from income taxes is divided between the state and individual communities. To qualify for these appealing deductions, residency in the specified territory during the previous year and meeting specific criteria are essential. 

Join Xolo simplifies the tax deduction process for freelancers in Spain and eliminates your administrative hassle for good.

 

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Birth or Adoption of the First and/or Second Child in Populations of Less Than 10,000 Inhabitants

€100 for the first child.
€150 for the second child.
€200 and €300 respectively, for the birth or adoption of the first and second child, provided certain amounts are not exceeded in the general and savings taxable base.
Birth or Adoption of the Third Child or Subsequent Children: If you had children during the year 2023:
€500 per child from the third child onwards.
€600 deduction only if certain limits in the sum of the general and savings taxable bases are not exceeded.

Birth or Adoption of a Child with a Disability of 33% or Higher

€200 per child.

International Adoption of Children

€600 per child.

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Care for Dependent Persons

€150 deduction for the care of dependent persons living with you who have a disability degree of 65% or higher, or are over 75 years old.

Donations for Ecological and Research Purposes

A 20% deduction of the donations made to entities and public organizations whose purpose is the defense and conservation of the environment


Acquisition of Housing for Terrorism Victims

A 3% deduction of the amounts paid provided that the housing is public protection housing.

Investment in Alternative Stock Market Shares

A 20% deduction of the amount invested if shares are subscribed as a result of capital application with a limit of €10,000.

 

Discover how Xolo can simplify your tax planning and maximize your deductions in Aragón. Explore Xolo today and take the first step towards smarter financial management!

 


Investment in Shares and/or Participations of Newly Created Entities

You can deduct 20% of the amount invested in the acquisition of shares or participations as a result of the agreement of constitution of companies with a limit of €4,000.


Investment in Main Residence in Rural Areas (Aragonese municipality of less than 3,000 inhabitants)

You can deduct 5% of what you have spent on the acquisition or rehabilitation of the housing which will form your main residence if you are under 36 years old and it will constitute your first main residence.


School Materials and Books

If you have incurred expenses for your children's school materials, you can deduct 100% of these amounts with the limits set according to the sums of your taxable bases.


Rental of Main Residence Linked to Payment in Lieu Operations

You can deduct 10% of the amounts paid with a maximum of €4,800.

 

 

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Rental of Social Housing (Landlord Deduction):

The landlord can deduct 30% of the portion of the total IRPF quota corresponding to the income from real estate capital.


Elderly Over 70 Years

€75 for each taxpayer.


Childcare Expenses for Children Under 3 Years

You can apply a 15% deduction of the childcare expenses paid during the year with a maximum limit of €250 and €125 in the year the child turns 3.


Investment in Social Economy Entities

20% of the amounts invested in contributions to this type of entities with a limit of €4,000 annually.
Hosting Ukrainian People: You can deduct €300 per hosted person with a maximum limit of €1,000.

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Humanitarian Aid to the People of Ukraine

You can deduct 20% of the amount of donations intended for non-profit entities aimed at financing humanitarian aid.


Residence in Certain Municipalities

You can deduct €600 in case you reside in a rural settlement at extreme risk of depopulation and when your savings taxable base does not exceed €4,000 and the sum of the bases is less than €35,000 in individual taxation and €50,000 in joint taxation.

 

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Take the hassle out of tax season with Xolo

At this point, you have a couple of options: 

  1. Memorize all the information we've provided and file your tax return on your own, hoping everything goes smoothly. 
  2. Gather your invoices for all of your deductible expenses as a freelancer, upload them to Xolo, and let our team of experts handle your VAT and income tax returns like the pros we are. 

Sign up to Xolo and let us help take the hassle out of tax season.

 

 

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