The Valencian Government of Carlos Mazon This Tuesday, he responded to the possible tax increase of the socialist executive Pedro Sanchez with the approval of the draft of the so-called accompanying law with a package of social measures for familieswhich will benefit 41,900 taxpayers of this Community, with savings total amounted to 10 million euros. Additionally, tax benefits have been included for agricultural sector for 2.6 million euros And fishing exemptions intended for 15 brotherhoods and 377 ships based in the ports of the Valencian Community.
The Law of Fiscal Measures, Administrative and Financial Management and Organization of the Generalitat, known as accompanying lawis complementary to budgets. It regulates several matters, related but inappropriate for a finance law. This is so important that it is essential so that these budgets can be applied consistently.
The preliminary draft law supporting the budgets of the Generalitat Valenciana for 2025 provides in particular for an increase in the current amounts of the deductions for birth or adoption in the Valencian Communitywhich go from the current 300 euros to 600 euros, if it is the first descendant of the couple; 750 euros, in the case of the second and 900 euros if it is the third. Thus, more than 40,000 Valencian taxpayers will save approximately 9.73 million euros.
Additionally, these improvements are also transferred to the family placement deductionwhatever their regime, so that it includes custody with a view to adoption.
THE welcoming Valencian families will also benefit from other deductions within the regional section of the Personal Income Tax (IRPF), until now reserved for other types of families.
In particular, they can benefit from the deduction for the birth or adoption of a disabled person; the deduction for non-occasional care in daycares and early childhood education centers for children under 3 years old; THE deduction to reconcile work and family life and the deduction for the purchase of school supplies.
This package of measures will benefit in total some 41,900 Valencian taxpayers, with the aforementioned overall savings of 10 million euros. for the income ceilings for individual declarations of 30,000 euros annually and 47,000 euros for joint declarations.
In the field of fishing sectorIn order to mitigate the increase in prices due to the reduction in catches, the Valencian government has included in the accompanying law the removal of two taxes relating to the stay of vessels in regional ports and to maritime fishing services.
With reference to agricultureA tax reduction of 60% is provided for acquisitions of agricultural plots made by owners of a farm who do not meet the conditions to be considered professional farmers.
Concretely, this reduces from 10% to 4% the rate that imposes these operations in real estate transfer taxes (ITP) and documented legal acts. The objective of this measure is to encourage generational change in the face of abandonment of the field. The measure will have an economic impact estimated at 2.6 million euros.
Additionally, the accompanying law includes a 50% tax reductionhalf of the tax on documented legal acts for projects of independent interest (PIA) provided for in the administrative simplification decree-law. And the water fee in force this year 2024 is also frozen.
