Among the most significant 2016 tax developments, we note that there has been a general increase of the tax rates of several taxes, which are mainly included in the Budget Law for 2016 of the Autonomous Community of the Balearic Islands; the aforesaid measures will be applicable to all residents of this Autonomous Community or to the non-residents who own property and/or are holders of rights which are situated in the said Community or can be exercised in it.
Please click here to access the full document. Information about 2016 Tax developments
Source: Fis3 Asesores