Etiqueta 'Solidarity tax'
Balearics reduces wealth tax
In welcome news, the government of the Balearics autonomous region announced significant changes to the wealth tax allowances in December.
The rich in the Balearics already paying more than the new "solidarity tax"
The Spanish government's solidarity tax on "large fortunes" will apply from the first of January.
![Spanish solidarity tax](https://uh.gsstatic.es/images/placeholder-preview.webp)
Spanish solidarity tax
If you pay the general wealth tax in the Balearics, you deduct this from your solidarity tax liability.
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