The Government of the Canary Islands plans to increase the tax on heated tobacco, electronic cigarettes and vapes, and increase the IGIC on drinks with added sugars or sweeteners.
This is stated in the preliminary draft Budget Law of the Autonomous Community of the Canary Islands for 2024, presented by the Minister of Finance, Matilde Asián, after the meeting this Monday of the Governing Council, and is justified by "reasons of health protection."
In the fiscal policy section, the preliminary draft budget includes a reduction of the IGIC for passenger transport on the same island, medical equipment and instruments to treat people with disabilities, diapers for babies and the elderly, and for veterinary services.
It also includes a reduction in taxes for the use of diesel as fuel for boilers and ovens in the development of industrial activities, for 2 million euros.
In addition, the Government of the Canary Islands plans to maintain the IRPF tax reductions approved by the previous regional executive for 2022, amounting to 39 million euros, as well as extend for this year the deduction for price increases in the IRPF planned for 2022 for 61 million euros.
Additionally, the creation of a specific fund for the reconstruction plan of La Palma for 50 million euros and an extraordinary and temporary bonus on the final price of petroleum-derived fuels for the green islands for an amount of 9.5 million euros is included.
Canary Islands plans to raise taxes on sugary drinks and vapes
The proposal, whose objective is to protect the health of citizens, is part of the preliminary draft budget for 2024
