Tax on production, services and imports
The IPSI is of great importance in some specific regions of Spain. Throughout this article, we explore in depth what the IPSI is, its purpose, and how it differs from other more common taxes such as VAT and the Canary Islands IGIC. In addition, we will analyze the fundamental elements of the IPSI, the applicable tax rates, exemptions and reductions, the tax base and the declaration and payment procedure, among other relevant aspects.
Elements of IPSI
There are some aspects of IPSI that you should know: in particular, the taxpayers, the taxable events and the tax base .
Taxpayers: Who is required
IPSI taxpayers are businesspeople or professionals who carry out production activities, provide services or import goods in Ceuta and Melilla. This includes those who carry out commercial operations within the autonomous cities, as well as those who import goods for use or consumption in these regions.
Taxable event: activities and operations subject to IPSI
The taxable event of the IPSI includes all production activities, provision of services and importation in the autonomous cities of Ceuta and Melilla. This means that the IPSI applies to all operations related to the production of goods, the provision of services such as consulting, auditing or engineering or the importation of products is subject to the payment of this tax.
Law 8/1991 of March 25 regulates the IPSI and establishes which activities are taxed poland email list by this tax, covering everything from the manufacture of goods to the provision of commercial and professional services.
IPSI tax rates
The IPSI has several types of taxation that vary depending on the 8 best wordpress migration plugins (comparison) type of good or service being taxed. These tax rates can be general, reduced or increased, depending on the nature of the product or service. Law 8/1991 of March 25 establishes the IPSI tax rates, which must be applied in each case.In the case of production and provision of services, the taxable base is the telemarketing forum sale price of the goods or the value of the service provided.
General, reduced and increased rates
The general IPSI rates are usually applied to most goods and services sold in Ceuta and Melilla. However, there are reduced rates for certain essential products and basic services, such as food and basic necessities.
On the other hand, the increased rates apply to luxury goods or specific economic activities, such as the sale of rural land or the delivery of real estate. This differentiation in tax rates allows the IPSI to be adapted to the economic realities of both autonomous cities.
Examples of products and services
For example, raw gold supplies and luxury goods imports are often subject to a higher tax rate, while education and health services may benefit from reduced rates or even exemptions.
In addition, technological products such as digital tablets and other electronic devices may have a specific tax rate depending on their use and market value.
There are certain activities and operations that are exempt from paying IPSI. These exemptions apply to key sectors such as health, education and exports outside the autonomous cities of Ceuta and Melilla.
These exemptions and reductions are essential to promote the development of strategic sectors in Ceuta and Melilla.
There are certain activities and operations that are exempt from paying IPSI. These exemptions apply to key sectors such as health, education and exports outside the autonomous cities of Ceuta and Melilla.
These exemptions and reductions are essential to promote the development of strategic sectors in Ceuta and Melilla.
IPSI exemptions and reductions
There are certain activities and operations that are exempt from paying IPSI. These exemptions apply to key sectors such as health, education and exports outside the autonomous cities of Ceuta and Melilla.
These exemptions and reductions are essential to promote the development of strategic sectors in Ceuta and Melilla.