After the extension of the solidarity contribution, the banks threaten to withdraw it by introducing a brand new tax

by times news cr

2024-05-20 17:13:43

“It may be seen that the one sector is taxed greater than as soon as as a result of there’s an extra revenue tax. Now the brand new discussions on making the momentary financial institution solidarity tax everlasting, which we contemplate as a brand new tax, as a result of it ought to be coordinated with the European Central Financial institution, is a very new course of,” E. Čipkutė informed LRT radio on Monday.

“Traders, after they take a look at their income, look not solely on the peak of the financial cycle, but in addition when there are losses. On this perspective, they marvel what’s going to occur when there are losses, find out how to consider the jurisdiction, whether or not it’s nonetheless engaging in the long run,” she mentioned.

At the moment, economist Romas Lazutka defined that the financial institution solidarity tax may also be referred to as a “buyer tax” as a result of the cash comes from individuals who pay excessive curiosity.

“It may be mentioned that the folks, the purchasers of the banks, stand in solidarity with the state and finance the protection,” he famous.

Lastly, member of the board of the Financial institution of Lithuania (LB) Simonas Krėpšta assured that if the solidarity contribution is prolonged for the following yr, it could be potential to gather between 50 and 70 million. euros to the price range.

“Now we will have a good time 250 million. euros extra within the protection price range, which had been collected from the solidarity contribution through the earlier yr. It is a form of tax innovation, few states have such an answer and the system is sort of difficult. We see that banks’ profitability might be maintained this yr, we predict that we are going to accumulate 220 million from the solidarity contribution. euros”, mentioned S. Krėpšta.

“We made some calculations: if the solidarity contribution had been prolonged for an additional yr, with out altering the parameters, it could be potential to gather round 50-70 million. euros to the price range”, he mentioned.

The ELTA information company reminds that the representatives of the opposition factions of the Seimas registered a proposal to use the financial institution solidarity tax for a limiteless time period. In response to the initiators, on this means further taxes might be collected for the state price range and alternatives might be created to make sure the nation’s safety extra rapidly.

Jonas Pinskus, the chairman of the Celebration of Areas of Lithuania and his deputy Andrius Palionis, who work within the blended group of members of the Seimas, suggest to increase the momentary solidarity tax for banks for an additional yr – till the tip of 2025.

At the moment, Prime Minister Ingrida Šimonytė and Minister of Nationwide Protection Laurynas Kasčiūnas hinted that the financial institution solidarity tax may very well be used to finance protection wants.

In 2023, the banks allotted a part of the revenue to the protection of the nation, transferring 250 million to the nationwide price range. solidarity contribution of EUR. It’s predicted that monetary establishments will allocate the same quantity in 2024.

The present regulation obliges banks to pay the momentary solidarity contribution for the years 2023 and 2024.

2024-05-20 17:13:43

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