The Foral Treasury of Gipuzkoa estimates the impact of the tax reform in the Income campaign 2025 at 102 million, benefiting 80% of taxpayers. Housing measures account for the largest savings, totalling 58 million.
The tax reform approved in Gipuzkoa has resulted in savings of 102 million euros for the region's taxpayers, according to the provisional balance from the Foral Treasury. The impact has been particularly noticeable in the Income campaign 2025, the first to implement the new tax measures.
80% of taxpayers have benefited from these reductions, which include deductions for housing, support for young people, and promotion of social security. This figure is in addition to 32 million euros in generated deductions that can be applied in future years.
The Deputy for Treasury and Finance, Itziar Agirre, has assessed the data as an indication that the reform is "heading in the right direction," although she has called for "some caution" as this is provisional information. "To rigorously evaluate whether the measures meet their objectives, it is necessary to have a broader temporal perspective," she noted.
"The information is still provisional and requires further verification and analysis"
The greatest impact is concentrated in measures related to access to housing, which have mobilised 58 million euros in benefits for over 80,000 taxpayers. This amount is supplemented by an additional 28 million in deductions that can be applied over the next five years, according to foral regulations.
Within this block, the deduction for the purchase or rental of housing for those under 36 years old stands out, benefiting 26,000 young people with an impact of 17 million euros in the 2025 campaign. Additionally, the refundable deduction for individuals not required to file has reached nearly 9,700 taxpayers, with a fiscal cost of 10 million.
Measures specifically aimed at young people have had a total impact of over 26 million euros in this year's income. This package includes incentives for renting and purchasing first homes, as well as support for emancipation.
The employment social security system has also received a boost, although the Foral Treasury has not detailed the specific savings figure in this area. The reform aims to encourage long-term savings among workers.
For taxpayers in Gipuzkoa, the main practical effect has been a lower withholding on their paychecks or a larger refund on their income tax return. Those who have not yet filed their return can check if the new deductions apply to them, especially those related to housing and social security.
The Foral Treasury reminds that unused deductions this year can be applied in the following five years, so it is advisable to keep the supporting documentation. Next year, a new campaign is expected with the reform's data already consolidated.
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