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.
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”.
Taxation
Income tax increases will apply to this year
On income tax, the increases apply only to those earning 70,000 euros or more.
Palma
Palma terrace tax increases could mean the loss of 5,000 jobs
"This increase is an unfair, disproportionate and unjustified."
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”.
Palma
Restaurants want lower terrace tax in winter
Town hall is “open to dialogue” in working together on any possible amendment of the bylaw regarding the use of public areas for terraces.
Tax
Tax penalties for property only rented in the summer
"This should be regulated. We must find ways of preventing this situation..."
Tax
Government intensifies fight against tax fraud in the Balearics
The aim is to increase inspections in order to arrive at figures of fraud detection that there were in 2011.
Tax
Car-rental agencies to resume paying taxes in the Balearics
Negotiations with the new government over re-registering with municipalities in the Balearics.
Tourist tax
Hoteliers paint picture of doom and gloom over tourist tax
Biel Barceló’s announcement of the tax’s “application” in 2016 has come as a surprise to many within the tourist industry.
Tourist tax
Tourist tax will come into force for next summer, says minister
Barceló said that he was convinced that a good part of the tourism industry was itself convinced of the need for the tax.
Tax
Balearic government planning massive crackdown on tax fraud
Annual revenue from tackling tax fraud had been between 35 and 45 million euros under the previous government.
Economy
The rich are getting richer in the Balearics
The Wealth Tax in the Balearics applies to residents with assets worth more than one million euros.
Britons flying to Mallorca could face new tax
In the UK, 70% of flights are made by a wealthy 15% of the population, with 57% not flying abroad at all.