More than six months to pay all taxes

According to a report by the Fundación Civismo, it takes Balearicians the equivalent of 197 days to meet their annual tax obligations (direct and indirect taxes). In theory, therefore, they must work until July 16 before they are released from these obligations.

The report on tax demands of families in times of recession indicates that the Balearic Islands rank sixth among Spanish regions in terms of time required. The national average is July 13, with Catalonia having the longest period (until July 19) and Murcia the shortest (July 10).

The calculations are based on the net and gross salary data of each region and on the differences in regional taxation. These show the relationships between income and tax demands.

Net salaries vary by region, as different income tax rates can be applied. In the Balearic Islands, someone with a gross salary of 20,000 euros receives a net salary of 16,347 euros, the fourth lowest in Spain (just ahead of Murcia, Aragon and Catalonia).

Julio Pomes, the president of the foundation, affirms that “there are more and more days when we only work to pay the treasure”. “People are not aware of the taxes they pay.” In 2020, it was not until June 29 that tax commitments were paid in the Balearic Islands, 17 days ago only in 2022.

He adds that VAT (VAT) is “doubly harmful” at times like today, with double-digit inflation. Consumers need to spend more of their income on buying products that have risen in price.

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