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Andalusian Goverment abolishes Welalth Tax

19 September 2022 Uncategorized
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The President of the Junta de Andalucía has announced a 100% rebate on Wealth Tax in Andalusia.

The measure is part of a series of tax incentives, including the deflation of personal income tax rates to compensate for inflation and the abolition of the water canon in 2023, which will be approved tomorrow by the Governing Council.

As for the purpose of the Wealth Tax rebate, the aim is to attract investment capacity for the promotion of economic activity and employment, as well as to encourage individuals to establish their tax residence in Andalusia.

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Written by

Pérez de Vargas Abogados.

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