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Fiscal Snippets

Titbits of interesting financial info.

Taxes: It's annual tax return time in Ibiza and 80% of the population have declared a taxable income of less than €21,000 and over 50% have declared income between €6,000 and €12,000. Not much is it?

Salaries. Government employees are still moaning about how little they receive in salary once the high cost of housing on the island is taken into consideration. They say that people doing the same jobs in Lanzarote get €480 per month more than the pen pushers in Ibiza.

Policing: The high cost of housing is driving the police away from the island in hordes. No less than 47 agents have left the island over the last fortnight and the force is now at less than 80% capacity.

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