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Provia Warns of Severe Impact of ICIO Tax Hike on Orihuela’s Construction Sector
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Provia Warns of Severe Impact of ICIO Tax Hike on Orihuela’s Construction Sector
The Association of Real Estate Developers of Alicante (Provia) has raised concerns over the Orihuela City Council’s plan to update the Construction, Installations and Works Tax (ICIO), which would mean a 60% increase in the levy. The current rate has been frozen since it was last increased in 2008. Provia argues that the tax hike would be a serious mistake, as it would reduce investment and jobs in Orihuela and the surrounding region, raise hous…
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