In a groundbreaking decision issued on 28 July 2025, Spain’s National Court (Audiencia Nacional) has recognized, for the first time, the right of non-EU and non-EEA taxpayers to deduct expenses directly related to their Spanish-sourced income under the Non-Resident Income Tax (IRNR) regime.

Valencian Community Act number 5/2025, of May 30, 2025, establishes that, as of December 31, 2025 (inclusive), all residents in the Valencian Community who are subject to the Wealth Tax under personal liability will have an exempt minimum of €1,000,000