Fiscal and accounting closure 2025: key developments and strategies to optimize tax management

 

Main tax and accounting developments of 2025

Personal Income Tax (IRPF): new deductions and greater normative clarity

Income tax incorporates several measures with a direct impact on workers and self-employed individuals:

• New deduction for income from work: aimed at taxpayers with incomes below 18,276 euros, with the goal of easing the tax burden on lower incomes.

• Extension of incentives for electric mobility: the 15% deduction for the acquisition of electric vehicles and the installation of charging points is extended until December 31,2025.

• Clarification of exempt income: interpretative criteria on dismissal compensation, civil liability, and alimony annuities are consolidated, avoiding discrepancies and providing greater legal certainty.

Corporate Income Tax: promoting reinvestment and business capitalization

The introduced measures aim to strengthen the solvency and competitiveness of the business fabric:

• Reinforcement of the capitalization reserve: the reduction for the increase in own funds is set at 20%, and can reach 30% in companies that increase their workforce.

• Tax rates and minimum taxation: the general rate of 25% is maintained, but reduced rates are adjusted for microenterprises and small entities, introducing a minimum rate of 15% for large companies.

• Transitional regime until 2029: progressively decreasing rates will be applied for microenterprises and SMEs, facilitating their adaptation to the new tax framework.

VAT: boosting consumption and supporting the agri-food sector

As of January 1,2025, olive oil is permanently taxed at the super-reduced rate of 4%, consolidating its status as a basic necessity product. The measure aims to balance the impact of inflation on consumption and support the productive sector.

A closure with vision and anticipation

The new regulatory environment requires companies to review their tax and accounting planning with a strategic focus.
The correct adaptation of billing and internal control systems, together with the integration of reporting tools such as the VERI*FACTU system, will be crucial to avoid penalties and take advantage of available incentives.

Anticipation and proactive compliance are key to closing the fiscal year with guarantees and strengthening the financial position before the Tax Administration.

The fiscal and accounting closure of 2025 not only implies complying with new obligations, but also seizing tax optimization opportunities.
Updating the tax strategy and reinforcing accounting transparency will allow companies to enhance their competitiveness and ensure compliance aligned with current requirements.