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TORREVIEJA TO SAVE A MILLION IN TAX

TORREVIEJA TO SAVE A MILLION IN TAX

The councillor for financial matters in Torrevieja, Joaquín Albaladejo, has announced this week that the city has hired an external legal consultant for 14,000 euro, to enable them to appeal the decision by the tax office.

The tax administration wanted to charge the municipality one million euro in iva for the transfer of land to the Government in order to construct the International Auditorium and Conservatory, the 30 million euro concert hall that stands largely empty and unused throughout the year.

Albaladejo said the situation was due to the “complexity of the tax rules” on the Increase in land value.

Filed under: http://www.theleader.info/article/42337/

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