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Spain Approves 2026 IRPF Cut to Exempt Most Workers Under €20,000

The €591 payroll‑applied deduction is designed to prevent a tax cliff by tapering between €17,094 and €20,000.

Overview

  • The new measure grants a deduction of up to €591 that fully shields incomes at the 2026 minimum wage of €17,094 and declines progressively up to €20,000.
  • The government will include the change in a royal decree‑law tied to recent flood relief, formalizing its application for the 2026 tax year.
  • Employers will apply the deduction automatically through monthly withholdings, and it will appear as a specific line in the 2026 tax return draft filed in spring 2027.
  • Finance technicians project several million additional beneficiaries, with reporting noting that nearly 3 million people may be prompted to file to claim the relief.
  • Separately, a 2022 withholding rule change for earnings of €22,000 to €35,200 may leave some filers owing roughly €400–€900 when settling the 2026 return.