Hora 25 de los negocios | Renta 2025: consultorio fiscal
·24 min·2 clips
Tax technicians explain the IRPF 2026 manual as the June 30th deadline looms, with many unsure how to declare.
1. Hora 25 de los Negocios presents its annual IRPF practical guide for the 2026 income tax campaign, framed around the program's signature 'fiscal questionnaire' format.
2. Carlos Cruzado, president of Gestha (the national association of Hacienda's technical staff), serves as the main guide, providing official and critical perspectives on the tax campaign.
3. The episode's central question is what each Spanish taxpayer needs to know to file correctly in 2026, with a secondary focus on oil market scenarios tied to the Iran Strait of Hormuz crisis.
4. The filing obligation thresholds are: income above 22,000 euros from a single payer, or above 15,876 euros from two or more payers.
5. The campaign runs from May 9 to June 30 for refunds, and to June 25 for those who owe — a distinction Cruzado repeats multiple times given the public tendency to file late.
6. The Tax Agency expects 25,251,000 declarations in 2026, up 2.1 percent from 2025, driven by 3.3 percent employment growth creating new filers; approximately 15 million will result in refunds.
7. In the first 24 hours of the campaign, 1,820,000 declarations were filed, 9 percent more than at the same point last year, and the Tax Agency announced it would begin paying refunds the following day.
8. The biggest novelty for most filers is the new 340-euro deduction for minimum wage earners, approved by Royal Decree Law on July 24, 2025, applicable to workers earning up to 18,276 euros on a sliding scale.
9. Cruzado notes the deduction does not apply to pensioners or unemployment recipients, a gap his organization has publicly criticized.
10. The new 'Direct Income' service allows 9 million taxpayers — double last year's figure — to confirm their pre-filled draft directly through Renta Web without the mobile app, though Cruzado recommends always reviewing the draft before confirming.
11. On joint versus individual filings, Cruzado advises checking both options in Renta Web but notes that joint filing is generally advantageous when one spouse earns below roughly 3,400 euros.
12. Housing deductions: the standard landlord reduction for residential rental income has been reduced from 60 to 50 percent, but tensioned-area contracts with price reductions of at least 5 percent qualify for 90 percent, and first-time rentals to young people under 35 in tensioned areas qualify for 70 percent.
13. Electric vehicle purchasers can deduct a percentage up to a 20,000-euro maximum base on the vehicle acquisition cost, plus a 4,000-euro maximum base for installing a charging point.
14. Gym membership fees are now deductible in several autonomous communities, and Cruzado confirms this is a growing regional trend, though amounts and eligibility vary by region.
15. On AI tax filing, Cruzado explicitly advises against using ChatGPT or similar tools for income declarations, citing complex case-by-case casuistry that AI handles poorly and the risk of errors.
16. Financial analyst Víctor Álvaro González maps oil price scenarios: full peace deal and Hormuz reopening pushes crude below 80 dollars; extended talks hold around current levels near 100 dollars; renewed hostilities push to 110-150 dollars.
17. He draws a historical parallel to the Iraq war resolution, after which markets rallied 12-13 percent, and estimates a 5-10 percent equity upside from a confirmed Iran peace deal.
18. The IBEX 35 closed nearly flat at 18,080 points on the day, the only major European index avoiding losses, with Grifols falling 6 percent, Naturgy and Repsol each gaining over 1.5 percent.
19. The program is formatted as a rapid-fire practical guide switching between pre-recorded listener vignettes, official Tax Agency spots, and live expert commentary — accessible to general Spanish audiences.
20. Listeners wanting in-depth legal analysis or filing strategies beyond the main thresholds and deductions will need to consult additional sources or the Tax Agency's telephone and in-person services.
