Etiqueta 'Tax'

Latest headlines

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.

Majorca Daily Bulletin reporter10/01/2023 12:57

Player

Football

Ronaldo is ready to pay Spain's tax authorities

Real Madrid striker Cristiano Ronaldo is ready to pay 14.7 million euros.

Majorca Daily Bulletin reporter22/06/2017 00:00

Where hire cars (and companies) are registered is an issue in the Balearics.

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.

Majorca Daily Bulletin reporter15/11/2016 00:00

The tax authorities have been gathering data on properties being rented out.

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.

Majorca Daily Bulletin reporter12/11/2016 00:00

Alberto Jarabo explains the Podemos stance on the budget. Pilar Costa and Biel Barceló listen on.

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.

Majorca Daily Bulletin reporter28/10/2016 00:00

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.

Majorca Daily Bulletin reporter16/04/2016 00:00

The tax agency is going to be checking property rentals.

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.

Majorca Daily Bulletin reporter08/04/2016 00:00

Terrace taxes in parts of Palma likely to increase

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".

Majorca Daily Bulletin reporter29/02/2016 00:00

Balearics continue to attract businesses leaving other regions

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.

Majorca Daily Bulletin reporter06/02/2016 00:00

Property market being praised for fuelling the economic recovery.

Economy

Tax revenues in 2015 highest since crisis started

Catalina Cladera said the increased revenue was an indicator of a generally improved economic climate.

Majorca Daily Bulletin reporter01/02/2016 00:00

Investment tax incentives proposed for the Balearics

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.

Majorca Daily Bulletin reporter19/12/2015 00:00

Political parties warned: Do not raise taxes after election

Politics

Political parties warned: Do not raise taxes after election

Addressing her remarks towards Balearic candidates standing for Congress and Senate, Planas stressed that businesses “can grow without taxes being raised on families or business”.

Majorca Daily Bulletin reporter15/12/2015 00:00

The finance minister Catalina Cladera said move is needed to plug the gap in investment from Madrid.

Taxation

Income tax increases will apply to this year

On income tax, the increases apply only to those earning 70,000 euros or more.

Majorca Daily Bulletin reporter11/11/2015 00:00

Palma

Palma terrace tax to rise by up to 86 per cent

Bartomeu Cañellas for the C’s: “now is not the time to be increasing taxes”.

Majorca Daily Bulletin reporter23/10/2015 00:00