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Income tax, IBI and motorway tolls go up but electricity, IVA and phone line rental frozen


Income tax, IBI and motorway tolls go up but electricity, IVA and phone line rental frozen

THE start of 2012 will see income tax increase and pensions rise by one per cent, but electricity, gas bottles and telephone standing charges will be frozen.

Young people between 22 and 30 years of age can no longer claim the 210-euro benefit for buying a first home, but those currently in receipt of it will continue to be able to claim.

The tax reduction on a first home will be reintroduced, and IVA will not go up, but income tax will rise.

Civil servants’ salaries will be frozen, and mains gas will increase in price.

Bottled gas remains at 15.09 euros and landline standing charges via Telefónica will stay at 13.97 euros.

Toll fees on motorways will increase by up to 3.2 per cent.

The percentage charged on land registry values for IBI, or asset tax, will rise, and the cost of postage stamps will increase by 2.86 per cent.

Rail travel will go up, but the exact figure has not been calculated so far.

Source: Income tax, IBI and motorway tolls go up but electricity, IVA and phone line rental frozen.

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