Rodrigo Rato arriving in court.
Rodrigo Rato arriving in court.
The UK Autumn Budget
Legislation proposed in the Autumn Finance Bill 2023 eliminates the Lifetime Allowance and introduces three new allowances to start from April 2024.
Spain's Constitutional Court endorses new wealth tax
The levy raised more than 600 million euros this year, according to the Budget Ministry.
A Norwegian Cruise Line ship in Palma.
A Norwegian Cruise Line ship in Palma.
Now Spain torpedoes all-inclusive cruise deals with extra booze and food taxes
Spain charges 10 per cent in VAT on food and drink consumed on land - and, it turns out, water.
Proposals to hike Mallorca tourist tax by 60% and abolish all tourism promotion
Local residents already have to pay some of the highest taxes in Spain.
Taxing times for non-residents in Mallorca
At the end of December 2022, the dreaded "Great Fortunes Solidarity Tax" came into force in Spain, and the Wealth Tax Law has been amended.
Spain's former king pays back taxes after leaving amid scandal
Through his lawyers, he has repeatedly declined to comment on corruption allegations.
Football
Ronaldo is ready to pay Spain's tax authorities
Real Madrid striker Cristiano Ronaldo is ready to pay 14.7 million euros.
Tax
Tax revenue loss from hire cars registered outside the Balearics
It is estimated that some 40% of hire cars "left" the Balearics and were registered on the mainland.
Tax
Hacienda making it tougher to avoid paying tax on rental properties
The number of complaints from neighbours regarding owners who rent out to tourists has trebled in the past year.
Politics
Balearics and Canaries summit to consider relations with Madrid
The Canaries have a special regime for tax measures which the Balearics do not.
Finance
Balearic budget envisages 14% increase in project investment in 2017
Any increase to the tourist tax in 2017 has been ruled out. Podemos are supporting the budget and the government because of concerns about "hostility" from Madrid.
Tax
Finance ministry has found over 20,000 undeclared Balearic properties
The type of fraud varies. Almost 30% are new buildings.
Tax
Tax agency trebling holiday rentals’ inspections
Owners face penalties of between 50 and 75% of the amount defrauded in addition to having to pay tax corresponding to income.
Tax
“Overwhelming" results expected from rentals' declaration demand
The internet has been used to find out the location of properties that are being rented out and their use.
Palma
Terrace taxes in parts of Palma likely to increase
The town hall wishes to review and update the classification of all streets in Palma where there is an occupation of the “public way".
Business
Balearics continue to attract businesses leaving other regions
The Balearics are retaining the appeal acquired in previous years because of the economy’s tourism base.
Economy
Tax revenues in 2015 highest since crisis started
Catalina Cladera said the increased revenue was an indicator of a generally improved economic climate.
Economy
Investment tax incentives proposed for the Balearics
These incentives would correspond to the establishment of a business investment zone in the Balearics similar to that which exists in the Canaries.