Valencia reduces wealth tax threshold for 2016


26 Oct. 2015

The Regional Government of Valencia approved last 16 October a reduction of Wealth Tax threshold from 700.000 euro to 600.000 euro, thus more taxpayers will be obliged.

Additionally, they have also created their own Wealth Tax scale increasing the tax rates in 25% compared to the State tax scale.

These decisions are included in the Draft Bill for fiscal measures, known as “Ley de Acompañamiento” to the Regional Budget for 2016.

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