The Senate gives the green light to the Basque Country's management of 14 taxes

Euskadi has agreed to include the Temporary Solidarity Tax of the Great Fortunes (ITSGF) as a tribute agreed in its Economic Concert, which gives it full regulatory and managerial capacity on this tax. This tax, approved at the state level in December 2022, will be applied in Euskadi with lower rates and higher tranches than in the rest of Spain. Main features of the ITSGF in Euskadi: It will apply to net assets exceeding 3.2 million euros, inst…

The economy seems to have started to cool down a bit. Eustat released data for the first quarter of the year today, and according to them, there are a total of 991,500 employed people in Araba, Bizkaia and Gipuzkoa, 5,400 fewer than in December. The number of employed people increased continuously until September 2024, and Eustat counted 997,100 at that time, the highest number since 1985. However, there were 2,000 fewer in December, and the tre…

The Senate has approved the expansion of the economic concert of the Basque Country, a bill that includes the change of competence of some national taxes over which the autonomous community will now have control. Among the taxes that will become under its command is the minimum tax on multinationals or the one that applies to the liquid of e-cigarettes. The High Chamber has sent the text to the Official State Gazette (BOE) for publication after …

The Minister of Finance and Finance, Noël d'Anjou, said this Tuesday that "one of the strategic axes of action" of the Basque government for this legislature "is the deepening, defense and expansion of self-government in the economic-financial sphere".

During the plenary session of the Senate, which had the only vote against Vox, the last amendment to the Basque Economic Concert with which Euskadi will increase its financial economic self-government with the regulation of up to 14 more taxes, including VAT, was finally approved. Likewise, as has already happened in Congress, the Senate has also processed this rule by means of an express single reading, which means that it has not had to pass t…

The Senate plenary will debate and vote this Tuesday on the last modification of the Economic Concert with which Euskadi will increase its financial self-government with regulation of up to 14 more taxes, including VAT.