Chapter 13. Special tax regime of the Balearic Islands

With effect for tax periods beginning between January 1, 2023, and December 31, 2028, Additional Provision Seventieth of Law 31/2022, of December 23, introduced the special tax regime of the Balearic Islands, in recognition of the specific and differential fact of their insularity.

With effect for the same tax periods, Royal Decree 710/2024, of July 23, approves the Regulation implementing the special tax regime of the Balearic Islands.

This special regime allows taxpayers of Corporate Tax and Non-Resident Income Tax to apply the following tax incentives:

1. 1. Reserve for investments in the Balearic Islands
2. 2. Special regime for industrial, agricultural, livestock and fishing companies
3. 3. Limits, monitoring and control of incentives