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Wealth tax will be extended to 2016

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21 Sep. 2015

Wealth Tax has been extended for one year more as proposed by the Government in the Draft of the State General Budget for 2016.

Wealth Tax is shifted to Regional Governments and it was held in abeyance in 2008 but temporarily reinstated in 2011 and 2012. Its application has been extended every year meanwhile the regional financing model is not reformed.

The marginal tax rate for Andalucía is 3,03% above 10.695.996,06 Euros since 2012.

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