What changed
Spain enacted emergency tax and economic measures for victims of the October-November 2024 DANA (flash floods) and other recent disasters. Key change: regional aid grants from the Valencia regional government (Generalitat Valenciana) to flood-affected businesses and self-employed workers are now tax-exempt under personal income tax (IRPF) and corporate income tax, putting them on par with the already-exempt national direct aid. Additional measures address the transport sector facing rising fuel costs due to the Middle East conflict.
Who is affected
This benefits businesses, self-employed workers, and individuals in the Valencia region who received DANA-related grants from the regional government. If you received such aid, you do not have to declare it as taxable income. Road haulage companies also benefit from fuel cost relief.
What to look out for
→ If you received Valencia regional government aid for DANA damage, do not declare it as taxable income in your personal or corporate tax return. Consult your tax adviser to apply the exemption correctly in your tax filing.
⚠️ This explanation was created with AI assistance and may be inaccurate or incomplete. It is not legal advice. Before taking action, check the official text and consult a qualified lawyer.
Original law: BOE-A-2026-9286 — Check the official text before relying on this explanation.