The regulation of the tax is proposed by way of amendments (not yet published in the Spanish parliament) to the Non-government Bill on temporary taxes on the energy and finance industries. The elements of the tax will be determined, in general, according to the wealth tax rules.
Royal Decree-law 18/2022, of October 18, 2022, published on October 19, 2022, extends by one year the application of personal income tax credits for energy efficiency improvement works on dwellings, and permits unrestricted depreciation/amortization, for corporate income tax purposes, of investments that use energy from renewable sources. Moreover, it transposes the Community legislation on reverse hybrid mismatches.
The annually update of the monetary devaluation indexes was approved by Ordinance no. 253/2022, of 20 October, regarding the indexes to be applicable to the goods and rights transferred during 2022, whose value should be updated in accordance to articles 47 of the CIT Code and 50 of the PIT Code, for the purpose of determining the tax base of the referred taxes, in particular regarding capital gains.
In the context of the Recovery, Transformation and Resilience Plan a range of measures relating to environmental taxes have been approved, notably the creation of a tax on non-reusable plastic packaging and amendment of the tax on fluorinated greenhouse gases. This new tax will come into force on January 1, 2023, whereas the amendment of the tax on fluorinated gases has been in force since September 1, 2022.