A little bonus for parents

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Whether you have already trawled the various shops for new school items for your little darlings or you are currently in the process of doing so, before their much anticipated and much looked forward to, return to school, we have some further good news for certain parents of school age children.

Depending on where you live, ie in which autonomous community of Spain, you will be able to claim deductions from your income tax bill next year for items such as school fees, school lunches, school transportation, textbooks, uniforms, extracurricular activites and more.

So, which autonomous region is offering what:

  • Aragon, the Balearic Islands, the Canary Islands, Cantabria (in rural areas), Castile and Leon, Galicia, Extremadura, Murcia, La Rioja and Valencia have approved deductions for expenses derived from nursery schools and daycare centers.
  • Madrid allows a deduction in personal income tax for expenses related to Nursery and Basic Compulsory Education, as well as Basic Vocational Training.
  • The Canary Islands and the Balearic Islands have approved deductions for school lunchroom expenses.
  • Aragon, Asturias, the Balearic Islands, the Canary Islands, Castile-La Mancha, Extremadura, Madrid, Murcia and Valencia have approved deductions for the purchase of textbooks, school materials or clothing for exclusive school use.
  • The Balearic Islands, Castile-La Mancha, and Madrid apply deductions for language instruction or other extracurricular activities.

Not anything for our closer to home clients but quite nice for our clients situated in the above regions.

So do not throw away any of your receipts for such expenses, get them to your tax advisor so that she, or he, can check them to find out what you can deduct and complete next year’s tax return accordingly. A couple of things, make sure the receipts contain your NIE number and name and provide sufficient details to properly identify the items boughts. In fact you should always get a formal invoice ‘factura’ not just a receipt.

How nice to be able to write some good news for a change.

Thank you for reading, keep safe and healthy.

Spence Clarke specialises in the provision of Spanish tax, accounts, law and labour services, mainly to foreigners with interests in Spain. Our cross-border knowledge helps clients adapt to the Spanish system with the minimum of doubt and disruption. If you have any questions about this article or any other matter contact us, with no obligation, to see how we can help you.

2 Tax deadline reminders
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The Income Tax and Wealth Tax Declaration campaign is now underway. All tax residents of Spain are reminded that Income and Wealth Tax Declarations must be filed no later than 30 June.

In addition, Great Fortunes Tax Declarations must be submitted by 31 July.

Please contact us if you would like assistance, as we can prepare and file the declarations on your behalf.

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Companies in Spain are reminded that Corporation Tax Declarations must be filed by 25 July.

Submitting the declaration within the official deadline is important to remain compliant with Spanish tax regulations.

We are available to assist with the preparation, review, and filing of your Corporation Tax Declaration.

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