In the area of taxation the Budget Law incorporates various measures.
1. Income Tax for Individuals
In the Income Tax of Individuals maximum deduction allowable limit rises premiums paid to health insurance for purposes of calculating the net return of economic activity in direct estimate and the amount of work remuneration in kind exempt derived from premiums paid by the employer to the employee health insurance, where the person subject to such coverage a person with disabilities.
In addition, on a transitional basis for the years 2016 and 2017, with respect to the initially foreseen for those years is increased, the amount of certain magnitudes which involves overcoming the exclusion of the objective assessment scheme. In particular, they rise to the exercises
2016 and 2017 the limits concerning the gross income obtained in all economic activities and purchase volume.
2. Corporate Income Tax
In the income tax amendment introduced into the method of calculating the tax incentive of reduced income from certain intangible assets, the so-called international “patent box” in order to adapt it to the agreements adopted within EU and OECD.
Moreover, the Corporation Tax Act provides for conversion of certain deferred tax assets in callable receivables from the tax authorities when certain conditions occur. New conditions are now expected to deferred tax assets generated from the entry into force of this Act to acquire the right to conversion. Also, deferred tax assets generated prior to not meet the new conditions will retain the right to conversion, although this will have to pay a financial nature.
3. Wealth Tax
In the Wealth Tax proceeds to extend for
2016 the demand for their assessment, in order to help maintain the consolidation of public finances.
4. Value Added Tax
In the Value Added Tax technical modifications are made to certain exemptions for better adaptation of domestic regulation to Community legislation.
In addition, consistent with the aforementioned transitional regime concerning the limits to the application of objective assessment method in the Income Tax of Individuals in the years 2016 y2017, a transitional regime concerning the limits that determine the exclusion is incorporated the special schemes in the value added tax linked to the above method.
5. Transfer Tax and Stamp Duty
In the transfer tax and stamp duty levied scale transmission and rehabilitation of greatness and nobility titles 1 percent is updated.
In the field of Excise a technical adjustment is incorporated in the exemption for certain installations in the Special Tax on electricity.
In the tax on fluorinated greenhouse gases, as, at present, a considerable number of fluorinated gases subject to the tax has no substitute as efficient and less harmful to the atmosphere, it is considered appropriate to extend for the year 2016 reduction of tax rates applicable in 2015.
As regards rates, given the existing price stability, types of lump sum rates of the State Treasury are maintained, and the types and fixed amounts established for rates levied games chance, betting or gambling in the amounts due for 2015.
The fees payable by the Central Traffic will be adjusted to multiple
10 cent euro immediately above, except when the amount is adjusted multiple of 10 cents.
It remains generally quantify the parameters required to determine the amount of the tax for reserving the public radio. Bonuses applicable in the ports of general interest to occupancy rates, the ship, passengers and merchandise are set, and the correction coefficients applying rates of ship, passengers and merchandise, according to the provisions of the revised text of the Law on State Ports and Merchant Marine, approved by Royal Legislative Decree 2/2011 of 5 September.
2016 also kept the basic amounts of the port fees in the amounts due in 2015.
Finally, the amounts of public property contributions are deducted
In land registry, the revalued upward or downward adjustment to the real estate market is directly linked to the municipal level, with the date of approval of the appropriate paper stock. To this end and in the light of studies conducted for the purpose, different coefficients are set based on the year of entry into force of cadastral values resulting from a process of collective valuation, to be applied to those municipalities that have demonstrated compliance with the legal requirements and are included in the order referred to in that provision.