News published in INFORMA 2024

News published in INFORMA during the month of August

The special tax regime of the Balearic Islands shall be understood as the reserve for investments in the Balearic Islands and the special regime for industrial, agricultural, livestock and fishing companies.

The reserve for investments in the Balearic Islands is applicable to taxpayers of Corporate Tax and Personal Income Tax , with respect to income obtained through establishments located in the Balearic Islands, whether or not their tax domicile is in the Balearic Islands.

For the purposes of applying the investment reserve, establishments be understood to be that meet the requirements set forth in article 22.3 of Law 27/2014, of November 27, on Corporate Tax in the event that are located in the Balearic Islands.

The special tax regime of the Balearic Islands is regulated in the Seventieth Additional Provision of Law 31/2022 , of December 23, on the General State Budget for 2023 and in Royal Decree 710/2024, of July 23 , which approves the Regulations for the development of said Regime.