Particle.news

Download on the App Store

Galicia Unveils 2026 Budget With No Tax Increases and New Targeted Relief

An extraordinary Consello session this week will clear the plan for swift submission to Parliament.

Overview

  • President Alfonso Rueda said the accounts keep all existing deductions and add several new tax reductions.
  • Families can deduct 15% of spending on school books and supplies purchased from July 1 to December 31, 2025, capped at €105 per child, which the Xunta estimates will save €6.3 million for about 60,000 households.
  • Aid granted to people with ALS will be exempt from regional taxation up to €12,000.
  • Older people who transfer assets through life‑annuity contracts will receive more favorable tax treatment, with precise terms to be detailed in the coming days.
  • The plan also exempts regional wildfire‑relief payments from taxation and is intended to take effect on January 1, 2026, following parliamentary approval.