Skip to main content
21st to 23rd of May 2024
21st, 22nd & 23th
MAY 2024

- CONFIRMED DATES -

Government reinforce the legal safety of the pending charges of the old ?tax lease?

Government will maintain bonus to investors in business still in motion until they reach the point in which it can be consider incompatible support Goverment approved yesterday a transitory regimen that reinforce the legal safety of the pending charges of the old tax lease, as confirmed the vice president Soraya Sáenz de Santamaría. The goal of this measure, that will be included in a Royal Decree Law, is to guarantee the continuation of those tax lease business signed before the suspension of the legal regimen and have not recover yet. The regimen will maintain the bonus payment to investors until they reach the point where they could be considered incompatible supports.
The government decision, agreed with shipyards and investors, is a good new for the naval sector. Sáenz de Santamaría informed that "they will give legal safety and confidence to shipyards funders to continue paying funds".
The EC decision is really clear: investors should return the bonus considered incompatible with the European regulation received between April 2007 and June 2011, but not the totality of the old tax lease.
The government vice president recognized that the Finance Ministry is "still working" with the aim of establish the method to clarify the incompatible part of the bonus, key to concrete the amount of money that should be returned to the Agencia Tributaria. The Brussels decision affects more than 170 vessels hired between 2007 and 2011. the legal security of this regimen wants to investors bet for new tax lease.
(Source: Faro de Vigo)