Spain will introduce several significant fiscal measures in 2026, including greater control over Bizum payments, a rise in diesel taxation, and incentives for electric vehicles. These changes are part of the country’s efforts to modernise tax reporting and promote ecological transition.
Bizum payments under closer scrutiny
Financial institutions in Spain will now be required to report monthly on cumulative payments received via Bizum by businesses and self-employed professionals. Importantly, this requirement applies only to transactions involving businesses; payments between private individuals are excluded. Banks will report aggregate monthly data, not individual transactions.
Diesel tax increase linked to EU recovery funds
At the start of 2026, Spain is set to increase diesel taxation. This measure is a key milestone in the country’s Recovery, Transformation, and Resilience Plan (PRTR), necessary to access part of the European ‘Next Generation EU’ funds. Spain was granted a six-month extension by the European Commission to meet this obligation, with approval required before the end of January.
Tax incentives for energy-efficient homes and electric vehicles
Spain is extending fiscal incentives for energy-efficient home renovations and electric vehicle purchases until 31 December 2026. Homeowners can benefit from tax deductions of 20%, 40%, or 60% for renovations that reduce heating or cooling demand.
For electric vehicles, deductions of up to 15% apply to plug-in and fuel cell vehicles. These benefits also cover the installation of charging points. In 2026, full depreciation allowances in Corporation Tax will remain available for investments in qualifying electric vehicles and new charging infrastructure, as well as renewable energy self-consumption systems.
‘Verifactu’ invoicing system postponed to 2027
The mandatory Verifactu invoicing system, designed to digitalise company invoicing under Spain’s Anti-Fraud Law, will now come into effect one year later. For companies with turnover below €6 million, the system will be required from 1 January 2027, and from 1 July 2027 for more than 3.4 million self-employed professionals.
Unemployment benefit recipients exempt from income tax returns
In 2026, recipients of unemployment benefits in Spain will not be required to submit an income tax (IRPF) return. This measure prevents social legislation, such as the General Social Security Law, from inadvertently changing the tax obligations of benefit recipients.
Support for wildfire and DANA flood victims
Exemptions and direct aid will continue for individuals and businesses affected by last summer’s wildfires and the October 2024 DANA floods. The fiscal relief includes income tax and Corporation Tax exemptions and extends to unincorporated entities engaged in economic activities.
Spain’s 2026 fiscal measures combine stricter tax reporting, environmental incentives, and support for those affected by natural disasters, highlighting the government’s dual focus on ecological transition and social protection.