The Ministry of Economy, Finance and Employment of the Community of Madrid has opened for public consultation the Preliminary Draft Bill amending the Consolidated Text of the Legal Provisions of the Community of Madrid on taxes ceded by the State, approved by Legislative Decree 1/2010, of October 21, to establish a deduction for investments by new taxpayers from abroad, in the field of personal income tax.
The purpose of the preliminary draft is to establish a deduction in personal income tax for investments in the region by new taxpayers from abroad.
It also aims to achieve the following objectives:
- Capture of monetary flows and generate attractions to continue channeling investments that have a positive impact on the region.
- Encourage the arrival of new foreign investors, favoring the generation of employment, the creation of new companies and the growth of those already operating, thus reinforcing the Community of Madrid as a center of attraction for investment, companies and talent.
The deadline for comments is February 2, 2023.
Access the Complete Note
A preliminary draft that establishes a deduction in personal income tax for investments in the region by new taxpayers from abroad.
