Nearly one million Canarian taxpayers will be affected in the 2021-2022 Income Campaign that began this week. They are all the people who will make their declaration to settle their accounts with the Treasury regarding Personal Income Tax (IRPF), which within their autonomous community have the option of deducting certain amounts.
The Tax Agency, as is the case with the rest of the autonomous communities, which includes the . To do this, the Treasury criteria is followed: only people who prove tax residence in the Canary Islands, that is, at least 183 days of the year, can benefit from them.
For donations with ecological purpose
10% of pure and simple monetary donations for ecological purposes to the entities collected are deducted. The deduction limit is 10% of the full regional quota or 150 euros.
For donations to preserve the historical heritage of the Canary Islands
The deduction is 20% of the amounts donated to conserve or rehabilitate the historical heritage of the Canary Islands, provided that they are made to one of the entities specified. The limit of the deduction is 10% of the full regional quota or 150 euros.
For donations for cultural, sports purposes…
A 15% deduction is contemplated for donations or contributions for cultural, sports, research or teaching purposes to the specified entities, where the maximum deduction bases for each type are also explained. The deduction limit is 5% of the full regional quota.
For donations to non-profit entities
The deduction is 20% on the first 150 euros and 15% thereafter, although in cases of repeated donations to the same entity (if they were made to the same entity in the two previous years) it rises to 17 ,5%. The maximum base of the deduction cannot exceed 10% of the taxpayer’s taxable base.
For restoration of buildings of cultural interest
10% of the amounts paid for the restoration, rehabilitation or repair of real estate registered in the Canarian Registry of Assets of Cultural Interest or affected by the declaration of Assets of Cultural Interest are deducted. The limit of the deduction is 10% of the full regional quota and, together with the rest of the deductions for investments in habitual residence, it cannot exceed 15% of the full regional quota.
Post study expenses
The deduction is 1,500 euros per descendant (1,600 euros if the taxpayer’s tax base is less than 33,007.20 euros) provided they are under 25 years of age, economically dependent on their parents (and have less than 8,000 euros of annual income) , study higher education and on the island where they reside there is no face-to-face educational offer.
The sum of the general tax base and the savings cannot exceed 39,000 euros in individual taxation and 52,000 euros in joint taxation, and the limit of the deduction is 40% of the full regional quota.
For study expenses up to Vocational Training
100% of the amounts paid for the acquisition of school supplies, textbooks, transport, school uniform, reinforcement activities and canteen are deducted, with a limit of 100 euros for the first descendant and 50 euros for each of the following. The sums of the general tax bases and savings cannot exceed 39,000 euros in individual taxation and 52,000 euros in joint taxation.
For transfer of residence for work reasons
A 300-euro deduction is granted (in this tax period and the next) for moving the residence to another island in the archipelago due to self-employment or self-employment. The taxpayer must remain on that island for the following three years and the sum of the general tax bases and the savings cannot exceed 39,000 euros in individual taxation and 52,000 euros jointly.
The maximum deduction limit cannot exceed the regional part of the full quota from income from work and economic activities.
For cash donations to descendants under 35 years of age to acquire or rehabilitate their first home
The deduction is 1% (with a maximum limit of 240 euros) of the amounts donated, but it rises to 2% (with a maximum limit of 480 euros) in cases of disability of 33% and 3% (with a limit of 720 euros) in cases of disability of at least 65%.
By birth or adoption of children
-The deduction will be 200 euros per child born or adopted in that tax period if it is the first or second child.
-The deduction is 400 euros if it is the third child.
-The deduction is 600 euros if it is the fourth child.
-The deduction is 700 euros if it is the fifth child or successive.
The sum of the general tax bases and the savings cannot exceed 39,000 euros in individual taxation and 52,000 euros in joint taxation. In addition, in cases of disability of at least 65%, the deductions will be 400 euros up to the second child and 800 euros from the third.
For taxpayers with disabilities and over 65 years of age
Taxpayers with a disability of at least 33% will have a deduction of 300 euros and taxpayers over 65 years of age have a deduction of 120 euros. The sum of the general tax bases and the savings cannot exceed 39,000 euros in individual taxation and 52,000 euros in joint taxation.
For fostering minors
The deduction is 250 euros per foster child.
For single parent families
100 euros are deducted for people with dependent descendants who are minors with incomes below 8,000 euros per year or adults with higher incomes or disabilities. The sum of the general tax bases and the savings cannot exceed 39,000 euros in individual taxation and 52,000 euros in joint taxation.
For childcare expenses
15% of childcare expenses are deducted for children under three years of age with a limit of 400 euros. The sum of the general tax bases and the savings must be less than 39,000 euros in individual taxation and 52,000 euros in joint taxation.
For large family
The deduction is 450 euros in cases of general large families and 600 euros in cases of special large families. These amounts rise to 1,000 and 1,100 euros when one of the members of the family unit has a disability of at least 65%.
For investment in primary residence
You can deduct 3.5% of the amounts paid when the sum of the general tax bases and savings does not reach 15,000 euros and 2.5% when that amount is between 15,000 and 30,000 euros. The deduction limit is 15% of the full regional quota.
For energy rehabilitation works and reform of the habitual residence
10% of the amounts invested, with a limit of 10% of the full regional quota and provided that 15% of that full regional quota is not exceeded in the rest of deductions for works in the habitual residence.
For works to adapt the habitual residence for people with disabilities
10% of the amounts invested, being impossible in any case to exceed 15% of the full regional quota with the rest of deductions for works in the habitual residence.
For rental of habitual residence
20% of the amounts paid with a limit of 600 euros, provided that these amounts exceed 10% of the general tax base and provided that the sum of the general tax base and savings does not exceed 20,000 euros in individual taxation and 30,000 in joint taxation.
For housing lease linked to dation in payment
25% of the amounts paid with a limit of 1,200 euros. The sum of the general tax bases and the savings cannot exceed 24,000 euros in individual taxation or 30,000 euros in joint taxation.
For insurance premium expenses to cover unpaid rent
This deduction is only for lessors and is 75% of those amounts paid with a limit of 150 euros. The duration of these rental contracts must be at least one year and the rental amount cannot exceed 800 euros per month.
For unemployed taxpayers
100 euros are deducted for taxpayers who, residing in the Canary Islands, have been unemployed for at least six months of the year. The sum of the full earnings from work cannot exceed 14,000 euros in individual taxation or 22,000 euros in joint taxation and the sum of the general tax base and savings, excluding those earnings from work, cannot exceed 1,600 euros.
for sickness expense
10% of the amounts paid for the provision of medical or health services, excluding pharmacists, as well as 10% of the amounts paid for devices and accessories intended to make up for physical deficiencies. The deduction limit is 500 euros in individual taxation (it rises to 600 with 65% disabilities) and 700 euros in joint taxation.
The sum of the general tax bases and the savings cannot exceed 39,000 euros in individual taxation and 52,000 euros in joint taxation.
For dependent family members with disabilities
Deductions of 500 euros are granted for each ascendant or descendant with a disability of at least 65%. The limits to the sum of the general tax bases and savings are 39,000 euros in individual taxation and 52,000 euros in joint taxation.
For personal, family and disability minimum for residents of La Palma
It is one of the deductions that take place after the volcanic eruption suffered in La Palma and that will be valid in the years 2021 and 2022. Only taxpayers who have seen their residences, work centers destroyed, uninhabitable or inaccessible or subsistence.
Specifically, the deduction is calculated by applying the tax rate of the first section of the regional scale (9%), on a basis consisting of 10% of each of the amounts corresponding to the taxpayer’s minimum and the minimums for descendants, ascendants and disability.
Uprooted by the volcanic eruption of La Palma
Deductions of 2,000 euros are given for homes lost in the eruption, as well as for real estate used for professional or business activities lost in the eruption. 1,000 euros are also given for the rest of the lost properties. The limit is 50% of the full regional quota.
In addition, deductions of 300 euros are given for the loss of motor vehicles with more than two seats, 100 euros for two-seater vehicles and 50 euros for one-seater vehicles. The deduction limit is 10% of the quota…
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