MÉS proposes to Congress that the REIB not expire in 2028
They demand to keep the Balearic tax regime in force while a reform is negotiated and ask to expand incentives for sectors such as culture, innovation, and research
PalmaMÉS per Mallorca has registered a bill in the Congress of Deputies with the aim of preventing the Special Regime of the Balearic Islands (REIB) from expiring on December 31, 2028. The party claims that the current fiscal and economic framework should remain in force while the administrations negotiate a new text that updates and expands it.
The general coordinator of MÉS, Lluís Apesteguia, warned this Thursday that the deadlines for renegotiating the REIB "are shortening" and criticized that neither the Spanish government nor the Balearic Government have yet initiated talks to guarantee the continuity of an instrument that, as he defended, benefits the business fabric and contributes to the economic diversification of the Islands.
The REIB was incorporated into the General State Budgets of 2023 with a limited five-year validity. Among its main measures are the reserve for investments, which allows companies to apply tax advantages linked to the reinvestment of profits, as well as specific incentives for sectors such as industry, fishing, agriculture, and livestock.
MÉS considers that, beyond avoiding its disappearance, the regime should be reformed to broaden its scope. Apesteguia has defended that activities related to innovation, research, culture, and the arts should also be able to access the tax benefits derived from island status.
The party has requested that the initiative be processed urgently in the Courts of Justice and has attributed the need for this proposal to the lack of initiative from the two main state parties.
More beneficiary companies
For his part, the MÉS deputy in Congress, Vicenç Vidal, has assessed the application of the REIB and has called for greater transparency from the Spanish government to have data to assess its effectiveness.
According to the figures presented by Vidal, the companies that have benefited from the investment reserve have gone from 2,500 in 2023 to 3,250 in 2025. In the same period, the amount reserved for investments has increased from 280 million to 367 million euros.
Regarding measures related to mobility, the deputy pointed out that bonuses for air and sea transport have increased significantly since the regime came into force. He also highlighted the insularity factor, intended to compensate for investments that the State does not execute directly in the Islands, which between 2021 and 2023 mobilized 726 million euros, with healthcare as the main recipient of the resources.
Vidal assured that 370 million euros linked to private investments still remain pending execution and has positively assessed the results obtained so far. However, he urged both the Spanish and Balearic governments to start negotiations to define the future of the REIB before the current validity expires.
