Special tax regime of the Balearic Islands
Regulations: Seventieth Additional Provision Law 31/2022, of December 23, on General State Budgets for the year 2023
Purpose and temporal scope of application
A special tax regime is established for the Balearic Islands, the purpose of which is the recognition of the specific and differential fact of their insularity, through the approval of a set of tax measures that, in relation to Personal Income Tax , will be applicable in the years 2023 to 2028, both included.
Spatial scope of application
This tax regime is applicable in the territorial scope of the Autonomous Community of the Balearic Islands, defined in article 2 of its Statute of Autonomy, formed by that of the islands of Mallorca, Menorca, Ibiza, Formentera and Cabrera and that of the other adjacent smaller islands.
Tax benefits provided for in this regime
The special regime for the Balearic Islands includes the following fiscal measures: