Taxation

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Regional variations in Spain’s Wealth tax breaks and adjustments in light of ITSGF

As outlined in the AEAT’s 2022 Wealth Tax Guide, when filing the Wealth Tax return for the 2022 financial year, seven autonomous communities in Spain offered regional tax breaks on this tax, each varying in percentage (Andalusia, Aragon, Asturias, Balearic Islands, Catalonia, Galicia, and Madrid). Later on, Extremadura and Cantabria also joined this list.

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