
IF YOU'RE in the Comunidad Valenciana any time between now and the early hours of March 20, you may notice an awful lot of noise and colour on the streets. It's the season for the region's biggest festival,...
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Opposition parties UPN, from Navarra, Ciudadanos, and the Basque National Party (PNV) have voted in favour of a move by the right-wing PP-led national government to raise the maximum exempt from tax from €2,500 to €10,000.
Until a few years ago, lottery winnings were not subject to tax at any amount, but the PP brought in a law which stipulated that the first 21% would be stopped on all winnings exceeding €2,500.
Next year, 2019, will see the tax-free threshold double to €20,000, then it will double again in 2020 to €40,000.
This move is part of the ongoing discussions surrounding the 2018 budget, which is due to be debated later this week in Parliament.
IF YOU'RE in the Comunidad Valenciana any time between now and the early hours of March 20, you may notice an awful lot of noise and colour on the streets. It's the season for the region's biggest festival,...
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