The Vice President and Councilor of Economy, Finance and Innovation, Antoni Costa, has reported on the new tax measures that came into force last Saturday, December 14, with the publication of the administrative simplification law in the Official Gazette of the Balearic Islands (BOIB).
In the press conference after the last Consell de Govern of the year, Costa explained that these measures can already be applied in the income tax return to be submitted between April and June 2025, referring to the tax year 2024. In this sense, a deduction has been created for occupying jobs that are difficult and very difficult to fill in the Islands, of40 percent of the expenses to acquire, build or rent a house or for inter-island air and sea transport. The maximum limit of the deduction is 1,000 euros or 2,000 euros depending on the level of income and it is increased by 30 percent for public workers assigned to Formentera, as well as being reduced by 30 percent for those assigned to Mallorca. The great novelty in this deduction, he stressed, is that it can also be applied by the National Police or the Civil Guard with effective destination in the archipelago, given the existing lack of personnel, especially in Ibiza. In the case of the deduction for birth, the income limits to be applied are increased, up to 52,800 euros in individual taxation, and 84,480 euros in joint taxation, and, if these limits are exceeded, 50 percent of the deduction may be applied. Finally, with regard to the deduction for the lessor of real estate destined to permanent housing, Costa has explained that improvements have been introduced. Specifically, the lessor will be able to deduct 50 percent of the expenses paid by the taxpayer for damage insurance premiums, conservation and repair expenses, tax expenses or to obtain energy efficiency certificates, among other aspects. The limit is 1,500 euros, provided that it has not been rented in the two years prior to the application of the deduction, and is extended to 1,800 euros if it is leased to the Autonomous Community through the ‘Secure Rental’ program. Other improvements A deduction is introduced for expenses arising from amyotrophic lateral sclerosis (ALS) to cover 100 percent of the expenses up to a maximum of 3,500 euros. “It is our obligation to help all those people and families who suffer the serious effects of this disease,” Costa has expressed. The deduction is compatible with the deduction for expenses related to people over 65 years of age or people with disabilities, which reaches 660 euros, to cover expenses for stays in residences or day centers; custody services, dining services and activities in the day center; or the labor hiring of a person to take care of them. With the Simplification Law, this deduction has been improved so that it can be applied in full by all taxpayers with respect to common ascendants.
