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The resolution publishes an agreement between the State and the Canary Islands on 2026 budgets, setting new spending limits that companies must comply with. This change directly affects local administrations and businesses operating in the region, requiring them to review their budgets within a 30-day period. The regulation is based on the Bilateral Cooperation Commission agreement adopted on May 19, 2026 (art. 33 of LO 2/1979, amended by LO 1/2000).
For companies in the Canary Islands, this entails an obligation to review their budgets within 30 days to comply with the new spending limits. Local authorities must adjust their financial plans and ensure they do not exceed the agreed limits. Advisors and managers must inform their clients of the changes and assist them with the adaptation. The State and the Autonomous Community must coordinate compliance with the agreement to prevent financial management imbalances.
The tax team reviews your specific situation.
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