The 2025 Income Tax Campaign, which commenced on April 8, has generated numerous questions among the more than one million Canarian taxpayers. Hacienda experts tackled key topics such as regional deductions and this year's tax novelties.
Among the main new features are a 340 euro deduction for those earning the Minimum Interprofessional Wage (SMI) and an increased tax rate for savings income. The Government of the Canary Islands maintains nearly 30 regional deductions, including incentives for placing housing on the rental market.
If the declaration results in zero, we understand it's because no amount was withheld from your payroll. The deduction for the increase in the SMI in 2025 is applied for a technical reason from annual salaries exceeding 16576 euros.
Readers' queries ranged from correctly declaring their tax domicile to the deductibility of expenses for renovations or the purchase of electric vehicles. Doubts about mutual society refunds and disability deductions were also clarified, emphasizing the importance of the recognition date.
The experts explained that even if one is not obliged to file, it is advisable to review the draft if withholdings have been made, as it could result in a refund. Furthermore, it was detailed that declarations are not processed on a first-come, first-served basis, but rather enter a “common pool” with a random process for refunds.
