Regional Deduction Rules in Galicia - Renta 2024

✓ verified by Cristina Gómez Torrens Senior International Accountant

Welcome to the Galicia Regional Deductions guide for the current fiscal year.  Galicia offers a range of tax advantages that can enhance your income tax refund. From 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 Galicia. 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 Galicia?

The tax benefits in Galicia 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, Galicia 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. 

Birth

The deduction for having children in 2024 varies depending on the sum of your taxable bases and whether it's for the first or subsequent children.

Families with 2 Children

If you have two children living with you as of December 31, you can deduct €250. If any child has a disability of 65% or more, the deduction increases to €500.

Rental

If you are under 35 years old and have a rental contract for your main residence, you can deduct 10% of the amounts paid, up to a limit of €300 per year or 20% if you have two or more minor children with a limit of €600.

New Technologies in the Home

If you've contracted high-speed internet lines, you can deduct 30% of the amounts paid, up to a limit of €100. This deduction is only applicable in the year the contract starts and does not apply if you switch providers.

Large Family

If you're the head of a large family, you can deduct €250 for a general family or €400 for a special category. If any child has a disability of more than 65%, the deduction is €500 for general and €800 for special.

Foster Care of Minors

You can deduct €300 for each minor. 

Care for Minors

If you have dependents under 3 years old, you can deduct 30% of the amounts paid to a household employee, up to a maximum of €400. The limit is €600 if you have two or more dependents under 3 years old.

For Taxpayers with Disabilities Aged 65 or Older Needing Assistance

You can deduct 10% of the amounts paid to third parties, up to a maximum of €600 annually, provided your taxable bases are below €22,000 for individual taxation and €31,000 for joint taxation. You cannot be a user of public or subsidized residences or a beneficiary of the Xunta's assistance check.

Acquisition of Shares and Participations in Newly Created Entities

If you've acquired shares or participations through the constitution or capital increase of an S.A, S.L, S.Lab., and/or Coop., you can deduct 30% of the investments, up to a maximum of €6,000 annually. Your participation cannot exceed 40% directly or indirectly.

Acquisition of Shares and Participations in Newly Created Entities and their financing (NEW DEDUCTION)

If you've acquired shares or participations through the constitution or capital increase of an S.A, S.L, S.Lab., and/or Coop., you can deduct 30% of the investments, up to a maximum of € 20,000 and 30% of the amounts lent during the year may be deducted, as well as the amounts personally guaranteed by the taxpayer, provided that the loan is granted or the guarantee is established in the year in which the company is incorporated or its capital is increased. Your participation cannot exceed 40% directly or indirectly.

Acquisition of Shares and Participations in Entities Listed on the Stock Exchange

If you've acquired shares or participations through a capital increase of entities listed on the stock exchange, you can deduct 15% of the investments, up to a maximum of €4,000 annually. Your participation cannot exceed 10% directly or indirectly.

Donations to Entities Promoting R&D and Innovation

You can deduct 25% of the amounts donated to research centers affiliated with Galician universities and non-profit entities, with a limit of 10% of the full regional tax quota.

Investment in Heating and/or Domestic Hot Water Systems Using Renewable Energy

You can deduct 5% of the amounts paid, up to a limit of €280. The installation must be properly registered.

Rehabilitation of Real Estate in Historical Centers

You can deduct 15% of the amounts invested in the rehabilitation, with a maximum deduction limit of €9,000.

Investment in Agricultural Activities

You can deduct 20% of the amounts invested as a result of the constitution or capital increase of companies, with a maximum deduction limit of €20,000.

Improvement Works for Energy Efficiency of Buildings or Single-Family Homes

You can deduct 15% of the amounts invested, with a maximum deduction base of €9,000. You can also deduct 100% of the fees for obtaining the energy efficiency certificate, up to a limit of €150.

Acquisition and Rehabilitation of Housing in Model Village Projects

You can deduct 15% of the amounts invested in the acquisition of housing. The acquisition or rehabilitation must have been made after January 1, 2021. The deduction base limit is €9,000 annually if the housing is to be your main residence, and €4,500 annually if it is not your main residence.

For certain subsidies and/or aid obtained as a result of the damage caused by the fires that occurred in Galicia during the month of October 2017.

The amount of said deduction will be the result of applying the average tax rates to the part of the general taxable base that corresponds to said subsidy or aid. (NEW DEDUCTION)

To alleviate the damage caused by the explosion of pyrotechnic material that took place in Tui during the month of May 2018

The amount of said deduction will be the result of applying the average tax rates to the part of the general taxable base that corresponds to said subsidy or aid. (NEW DEDUCTION)

For the aid and subsidies received by top-level sportsmen and sportswomen in Galicia

The amount of said deduction will be the result of applying the average tax rates to the part of the general taxable base that corresponds to said subsidy or aid. (NEW DEDUCTION)

For investment in the acquisition of shares or equity interests in entities that carry out certain projects declared to be of special public, social or economic interest

20% of the amounts invested during the financial year in the acquisition of shares or equity interests, as a result of agreements for incorporation of companies or capital increases , of those entities whose exclusive corporate purpose is the execution of projects that are declared to be of special public, social or economic interest, up to the maximum maximum base of €10,000 is established for each entity regardless of whether the investment is made in one or several tax periods. (NEW DEDUCTION)

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General Deductions

Check out the general deductions rules for Spain here → 

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At this point, you have a couple of options: 

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