News updates

Regional

• The Government of Catalonia approves the formal application to join the Regional Liquidity Fund for 2026. [+Info]
• The Government approves the draft bill for the fifth book of the Public Finance Code of Catalonia, which unifies the regulations on treasury, debt and guarantees. [+Info]

National

• Catalonia approves Decree-Law 21/2025 of 14th of October on urgent measures to ensure the viability of the agricultural and forestry sector, with changes in taxes, aid for livestock farms and administrative simplification. [+Info]
• Royal Decree-Law 16/2025, of 23rd of December, approves various measures, some of which are tax-related and affect VAT, personal income tax and corporation tax. [+Info]
• The obligation to declare personal income tax for unemployment benefit recipients is eliminated from 2026 onwards. [+Info]
• The General Directorate of Taxation denies the exemption for reinvestment in the primary residence for rent and works paid during a lease with an option to purchase until the option is exercised and full ownership is acquired. [+Info]
• The Central Economic and Administrative Court reiterates the criteria for Inheritance and Gift Tax purposes when the heir dies without having expressly accepted or renounced the inheritance. [+Info]
• Annual information form for short-term leases: approval of the form and obligation to submit it annually in February (Order VAU/1560/2025). [+Info]

International

• EFRAG (European Financial Reporting Advisory Group) FR TEG meeting on 15th of January 2026. [+Info]
• The agenda and documents for the International Accounting Standards Board (IASB) meeting in January 2026 are now available. [+Info]
• The IASB proposes a new accounting model to reflect how financial institutions manage interest rate risk. [+Info]

Consultation of interest from the Tax Agency

• Subdirectorate General for Financial Operations

The consultant holds Russian bonds which, due to the sanctions and restrictive measures adopted by the European Union  in response to Russia’s actions in Ukraine, have been frozen and cannot be transferred. Furthermore, although some bonds have already matured, the corresponding amounts have not been collected. The consultant therefore asks whether a negative return on capital gains arising from this situation can be reflected in their income tax return.

Binding consultation from the Directorate-General for Taxation No. V0106-25. [+Info]

Barcelona, 22nd of January 2026.