This year, the main novelty for Canarian taxpayers is the deflation of the IRPF rate by 2.1%, a measure adopted by the Government of the Canary Islands to mitigate the impact of inflation on salaries. This initiative aims to prevent salary increases due to inflation from resulting in a higher tax burden for island citizens.

The obligation to file the declaration remains for those earning more than 22,000 euros from a single payer or 15,876 euros if they have more than one, provided the second payer contributes at least 1,500 euros. Recipients of the Minimum Vital Income (IMV) are also obliged to declare, regardless of their income amount, even if this aid is exempt from taxation.

Additionally, a 340 euro deduction has been established in the Tax Return for taxpayers with incomes up to 16,576 euros (the SMI in 14 payments) and for those with employment income equal to or less than 18,276 euros who do not exceed 6,500 euros in other incomes. This measure seeks to prevent the increase in the Minimum Interprofessional Wage (SMI) from penalizing workers in their declaration.

The campaign also brings an increase in income limits to access the nearly 30 existing autonomous deductions. The limit for individual taxation rises to 46,455 euros and to 61,770 euros for joint taxation. New deductions include a 20% for the acquisition of shares in the constitution or capital increase of companies, with a deduction cap of 4,000 euros, and a 300 euro deduction for changing residence between islands for work reasons.

Other relevant deductions cover expenses for disability and those over 65, birth of children, nursery expenses, large and single-parent families, study expenses for those under 25, and various deductions related to primary residence, adaptation works, rent, and health expenses.