The recent Temporary Solidarity Tax on Large Fortunes (ITSGF) has prompted adjustments in the fiscal policies of various autonomous communities, particularly those that previously maintained partial or total exemptions on the Wealth Tax (IP). This phenomenon has been most notable in Andalusia, Madrid, and Galicia.
Changes in the Tax Burden
Some of these autonomous communities have opted to modify the tax burden due to implementing the ITSGF.
For example, Catalonia has increased its maximum rate from 2.75% to 3.48% for 2023. It has implemented a 95% rebate for forest properties, considering both the value of the land and the buildings on it. The Valencian Community has raised its percentage from 3.5% to 3.75% for the fiscal years 2023 and 2024, while Navarre has added a new bracket taxed at 3.5% (previously set at 2%).
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