The Generalitat Valenciana has urgently approved a series of tax cuts for people affected by the material damage caused by DANA, among other things, for the relaunch of commercial activity, in addition to asking the government for Renew the package special for the purchase of vehicles.
These incentives and benefits for paying taxes aim to provide immediate support to families and businesses affected by taxes over which the Valencian Community has regulatory powers, as reported by sources in the government of Carlos Mazón after its approval during an extraordinary plenary session. Tuesday.
The measures aim to facilitate compliance with tax obligations, extend tax benefits to mitigate bodily injury And materials resulting from the storm and restore economic activity in affected areas.
More precisely, he extension Until January 31, 2025, deadline for presentation and payment of tax self-assessments Estates And Donationsof the tax on Transmission Heritage and documented legal acts, taxes on games of chance and taxes on activities affecting the environment whose submission and payment period ends between October 28 and December 31, 2024.
This measure is applicable to people or entities having their tax domicile in the municipalities concerned, as well as to owners of real estate located in said areas or to those who can prove that the storm seriously made it difficult for them to comply with their taxes. obligations.
100% deductions in the autonomous section of the personal income tax
Regarding tax benefits, the decree-law provides for two measures in the autonomous section of the Tax about the To rent out of Natural Persons whose validity will extend to the tax periods concluded in the years 2024 and 2025.
First of all, it establishes a deduction of the 100% of the invoices hired to repair damage caused by the storm in the usual residence, up to 2,000 euros. The income ceilings generally set for regional deductions are increased on this occasion to 45,000 euros of taxable base for individual taxation and 60,000 euros for joint taxation.
Secondly, in order to contribute to obtaining own resources by entities which develop economic activities and have their head office in the territorial area concerned, a deduction is established for the 45% on the sums invested in the subscription and payment of shares or social participations following incorporation contracts or extension of capital public limited companies, limited liability companies and labor companies or contributions paid by members of cooperative societies. In this case, 9,900 euros per taxpayer can be reached.
Inheritances and donations
In the area of inheritance and gift taxes, a premium of 50% is approved in favor of acquisitions due to death made by parents collaterals of the second and third degree, ascendants and descendants by affinity, of people who died as a result of DANA.
In addition, reductions in the tax base of 100% are incorporated in favor of persons or entities that receive donation cash or other types of assets and rights to mitigate the material damage suffered by the storm, with the establishment of a different regime depending on the destination of the donation.
The application of the advantage is not conditioned on the degree of kinship or familiarity of the donor, but it will be subject to the fact that what is given is intended to mitigate the material damage resulting from flooding within 12 months of acquisition.
Concretely, these reductions for inter vivos donations are provided for the acquisition of goods not used for economic activities and for the acquisition of goods used for the exercise of the activity of an individual business or a professional business.
Regarding donations for the acquisition of goods not used for economic activities, reductions will apply to donations made from October 29, 2024 to December 31, 2025 inclusive, in favor of people who use them to repair or replace these goods . which they owned and which were directly damaged by the storm.
They will also apply to donations made from October 29, 2024 to December 31, 2026 when their purpose is the acquisition of another habitual residence in the event that the previous one cannot be used because it has been totally or partially destroyed, after having been declared in ruins the property in which your property is located or required demolition.
In the case of the reduction for donations for the acquisition of goods used for the exercise of the activity of an individual business or a professional business, donations made from October 29, 2024 to December 31, 2025 will be taken into account. .
Asset transfers
Regarding the tax on Heritage transfers and documented legal acts, advantages are envisaged which will allow acquisitions intended for replacement of certain assets are exempt from tax.
In this sense, a 100% bonus is established in the commission applicable to operations linked to the acquisition of domain intended to replace the others destroyed or seriously damaged by the storm and the acts of declaration of new construction and/or horizontal division that the latter consider necessary to obtain aid or regularization of registration.
Likewise, the high accident rate suffered by vehicles automobiles makes it essential, in order to recover the mobility of the people concerned, a 100% bonus on the ITP and AJD quota for the acquisition vehicles that replace those destroyed by floods, provided that said acquisition is made between October 29, 2024 and December 31, 2025 inclusive.
Exemption from sanitation fees
The approved decree-law also includes other measures such as exemption of the cannon sanitation for consumption water carried out in the areas concerned between October 29, 2024 and March 31, 2025, applicable to all water uses within the territorial perimeter of the municipalities concerned. Furthermore, the process of recovery of unpaid fees for this sanitation fee is also suspended with regard to natural and legal persons having domicile or activity in the municipalities concerned from the entry into force of the decree-law until as of February 28, 2025.
Finally, in terms of taxes on games, the decree introduces, among other measures, a 100% bonus on the full tax rate applicable to the operation of machines and games of chance when said operation has been affected by the storm and in the corresponding part. proportionally to the days of the tax period during which its operating authorization was definitively suspended or canceled.
Emergency contracts for 2.5 million
In addition to fiscal measures, the Generalitat allocates 2.5 million euros to four emergency contracts to cover the needs of public health centers. minorsof people with disability and as adults dependents, through the Vice-Presidency and the Department of Social Services, Equality and Housing.
Concretely, a first contract was awarded for the distribution of products of first necessityrestoration services for the nine centers in the disaster areas of the province of Valencia, the provision of basic equipment, pressure groups and auxiliary elements necessary for the affected centers.
An allocation has also been determined for debris clearance and deep cleaning of affected public centers and residences.
