The plenary session of the Estepona City Council Corporation has given the green light this Wednesday to the provisional approval of the modification of the municipal ordinance regulation of the Tax on the Increase in Value of Land of an Urban Nature (plusvalía), which will allow taxpayers savings of 35% and 3.5 million euros in purchasesas reported by the deputy mayor of the Economic, Innovation and Human Resources area, José María Ayala.

In this way, the Town Hall of Estepona maintains the same tax rate applicable to the tax base for the calculation of the final fee, despite the fact that Royal Decree 26/2021 of the central government allows municipalities increase the tax to 30%.

Ayala has explained that this government team continues to lower taxes and that this new municipal ordinance will have a positive impact on citizens, producing a savings for taxpayers of about 3.5 million euros per year in the purchases, according to the estimates of the municipal technicians. The amendment to the ordinance maintains the 95% bonus that applies to heirs.

Regardless of the foregoing, the new municipal ordinance allows the citizen chooses between two calculation methods on the tax basehaving the option of being taxed by the tax of real surplus value of the land (difference between the sale price and the purchase price) if it is lower than the tax base proposed by the administration.

The person in charge of the Economic area has indicated that the modification of the ordinance is one more example of the commitment of this government team with the tax cut. In that sense, he has indicated that “we have always been clear that the bad economic situation that we inherited in 2011 could not be solved through a greater tax burden for citizens.”

In this regard, he recalled that the tax ordinances for this financial year they maintain the accumulated reduction of 20 percent in the Real Estate Tax (IBI) and in the garbage rate. To this is added a reduction of 3% -both for IBIas for the Tax on Economic Activities (IAE) and the garbage rate- for those who have the payment of their receipt domiciled and pay it within the payment period.

Among the fiscal support measures carried out by this government team, the continuation in the elimination of the opening fee for 35 types of economic activities; the 75% discount on the opening rate for certain vulnerable groups or the bonuses in sports schools and cultural workshops.

In economic matters, the Plenary of the Corporation has given account of the settlement of the budget corresponding to 2021, where it is achieved for the sixth consecutive year to have all its economic magnitudes positive. Specifically, you get a budget surplus of 20.2 million euros, a budget stability of 15 million euros and a cash balance of 18.97 million euros. All this, after having already paid 77% of the inherited debt of 304 million euros; that is, an amortization of more than 236 million euros.

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