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Spain: Special tax regime of the Balearic Islands; relief for taxpayers affected by flooding

Annual approval for special tax regime of the Balearic Islands and tax relief measures for taxpayers affected by DANA

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November 8, 2024

Order HAC/1031/2024 (dated September 25, 2024, and published September 27, 2024) provided the annual approval for the special tax regime of the Balearic Islands (REB fiscal).

Read a November 2024 report (Spanish) prepared by the KPMG member firm in Spain

Royal Decree-Law 6/2024 (dated November 5, 2024, and published November 6, 2024) adopted tax relief measures for taxpayers affected by flooding and other damage caused by the isolated depression at high levels (DANA) in different municipalities between October 28, 2024, and November 4, 2024.

Read a November 2024 report (Spanish) prepared by the KPMG member firm in Spain

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