Highlights of the General Canarian Budget 2019 – Effective 1st January 2019 1.       General IGIC has been lowered from 7% to 6,5% 2.       0,7% has been lowered to 0,65% for the importation of products subject to the general IGIC of 6,5% 3.       In 2018, the new regime REPEP began, which applied an exemption of IGIC […]

Maternity benefits received from Social Security have been declared exempt from Personal Income Tax On the 3rd of October the Supreme Courts ruled that maternity benefits should not be considered as taxable income.  The Spanish Tax Authorities to date, have always subject this to income tax.  Therefore, taxpayers who received maternity benefits in the years 2014, […]