2023-08-16 01:36:33
The tax on extraordinary profits from the banking and energy sector, which gobbled up 18% of its profits until March, already has a second part on the horizon. Banking entities and large energy corporations must pay their second payment of the tax in the first week of September when the Treasury opens again the term to present the self-assessment of these new taxes.
With this payment, the Treasury expects to enter at least another 1,500 million -almost the same as it already entered for the advance payment of 50% of this tax-, to stay very close to its initial forecast of collecting 3,000 million. If the entities return to pay around those 1,454 million that they paid in March, the objective of María Jesús Montero would hardly have deviated by 90 million.
But this second disbursement will be made in a different context. All the companies affected by this tax paid it in full in February, but then –as they had previously warned– they decided to go a step further and prosecute the imposition of this tax together with the employers of their respective sectors –the Spanish Association of Banking (AEB) and the Spanish Confederation of Savings Banks (CECA) or the Spanish Association of Energy Companies (Aelec) -, under the premise of being “discriminatory”, “unfair”, “unconstitutional” and that “it contravenes freedoms enshrined by the European Union”, among other allegations. As they did with the first installment, these employers have once again recommended that their associates make advance payments. Although they are very clear that they expect a favorable sentence in the courts, they must cover their backs in the event that an unfavorable sentence is handed down.
The companies, therefore, will have to make a new disbursement to the Treasury coffers. In the case of financial institutions, those that closed 2019 with more than 800 million euros in their interest margin – those collected less paid – plus their net commissions – those collected less those paid – will be obliged to do so, and must pay the 4.8% of income paid for this same concept. In the case of energy companies, those companies that register a turnover of more than 1,000 million in 2019 will have the obligation to pay the new tax. For these companies, the amount to be paid will be 1.2% of their figure of business.
According to Servimedia’s taxpayer calendar –in line with what is established in the Official State Gazette (BOE)–, energy companies must present the self-assessment form 796 before September 20, the same date that banks have to fill out and deliver the 798 model, as long as they meet all the conditions to have to pay these taxes.
The National Commission for Markets and Competition (CNMC) has once again warned that it will monitor that these sectors comply with these new tax obligations. If they do not do so, they will commit a “very serious” infraction that will result in a financial fine of 150% of the amount passed on.
In February, banks already advanced 637.1 million euros in the first instance, while energy companies had to face 817.4 million.
#Banking #energy #companies #face #billion #impuestazo