News published in INFORMA 2024

News published in INFORMA in October

The requirements that must be met for the materialization of the reserve for investments in the creation of jobs are detailed.

The requirements that must be met by the materialization of the investment reserve in the subscription of shares or participations in the capital, issued by companies that carry out their activity in the Balearic archipelago are detailed below.

Taxpayers of Corporate Tax and Non-Resident Income Tax will apply a 10% bonus on the full amount corresponding to the income derived from the sale of tangible assets produced in the Balearic Islands by themselves, typical of agricultural, livestock, industrial and fishing activities.

Those who may benefit from the bonus are those persons or entities domiciled in the Balearic Islands or in other territories that are dedicated to the production of tangible goods, produced in the Balearic Islands by themselves, through a branch or permanent establishment.

The application of the bonus for agricultural, livestock, industrial and fishing activities in each tax period will require that the average workforce of the entity in said period is not less than the average workforce corresponding to the twelve months prior to the beginning of the first tax period in which the regime takes effect.

The bonus for agricultural, livestock, industrial and fishing activities will not be applicable to the income derived from the sale of tangible assets from shipbuilding, synthetic fibers, automobile industry, steel industry and coal industry activities .

The application of the bonus in each tax period will require that deep-sea fishing be landed in Balearic ports and handled or transformed in the archipelago.

Shipbuilding activities that produce recreational floating artifacts will not be considered.

To the extent that the activities carried out by an entity are not included among the activities included in divisions 1 to 4 of the first section of the IAE rates, the investment in the land occupied by a property may not be considered suitable for materializing the RIB.