2015 Income Tax Campaign

Sandra Parada
Feb 13
2 min read

Today marks the beginning of the 2015 Income Tax Campaign. Due to the tax reform in effect since January 1, 2015, this campaign introduces two main types of changes

Regulatory Updates

There are many updates at all levels. Below are some of the most notable changes:

Exemptions: The annual €1,500 exemption for dividends and profit shares is eliminated. The minimum insertion income (with limits) and income from insolvent debtors are now exempt, among others.
In-kind Compensation: New valuation rules for in-kind compensation, including housing and vehicle-related benefits.
Reductions: The reduction rate for income generated over more than two years is lowered from 40% to 30%. The 100% reduction for rental income from tenants under 30 years old is eliminated, among other changes.
Capital Gains: Taxpayers over 65 who reinvest capital gains into an annuity (subject to certain limitations) will be exempt. Additionally, update coefficients are removed, and abatement coefficients are limited.
Special Regime for Expatriates: Changes in eligibility requirements, duration, and taxation rules.
Pension Plans: The maximum deductible contribution is reduced from €10,000/€12,500 to €8,000.
Political Party Contributions: The reduction for party membership fees and contributions is eliminated for 2015. Instead, a tax deduction is introduced under the new Deduction for Contributions to Political Parties, Federations, Coalitions, and Electoral Groups.
Personal and Family Minimums: Increases in the personal exemption threshold, including higher allowances for taxpayers over 65 or 75 years old and for dependents living with them.
Deductions: The business savings account deduction, the rental deduction for primary residence, and the deduction for earned income and business activities are eliminated.

Technical Updates (Software)

Renta WEB

Additionally, this year introduces a significant technical change in the preparation and management of tax returns, as taxpayers will now have to use Renta WEB for the first time.

Renta WEB is available for most taxpayers (except those with business income) and aims to combine the simplicity of the previous tax drafts with the functionality of the PADRE program. Taxpayers can access their pre-filled returns directly from the Spanish Tax Agency (AEAT) servers, review the information, and modify or confirm their tax data.

P.A.D.R.E. Program

It is important to note that Renta WEB does not replace the PADRE program, which will still be required for taxpayers with business income.

Other Services

All assistance services remain available, including:

Obtaining the RENØ reference number for online filing, draft modifications, and consultations.
The telephone information service.
The option to confirm tax drafts via phone and SMS.