The new tax must be approved before the end of the year and will bring in about 3,000 million in 2023 and 2024, although Airef charges about 400 million less
Before the end of the year, the Treasury must approve the new tax on large fortunes, so that the data as of December 31, 2022 can be taken as a reference and the tax can be collected in 2023. One of the options offered by the executive is this tax in amending the bill now being considered by Congress on the taxation of energy companies and financial entities.
If successful, the collection will take place in 2023 and 2024, simultaneously with the settlement of said tax. After these two years, the government will evaluate whether the directive will be maintained or not. The tax is levied on net assets of more than 3 million euros in three tranches: 1.7% on assets between 3 and 5 million; 2.1% on assets between 5 and 10 million, and 3.5% on 10 million.
It is the idea raised yesterday by the Tax Administration (Airef) that, when presenting its analysis to the General Budgets, it was of the opinion that if the Treasury wanted to start collecting in 2023, it would come into effect as early as 2022. have to act. ministry headed by María Jesús Montero explained to this newspaper that the tax will be introduced in 2023 and will start collecting that same year, but taking into account the assets of 2022.
From the Treasury, they point out that the same model will be followed as for the tax on energy companies and banks, taking into account the assets of 2022 but with a collection impact starting in 2023.
As for the collection, the tax authorities are more pessimistic and calculate that with this tax the state coffers will receive 1,270 million in 2023 and 1,370 million in 2024, a total of 2,640 million in the two years, while the government expects to receive 1,500 million a year. of this tax, which amounts to 3,000 million in two years of application.
This tax will not overlap with that of the patrimony managed by the Autonomous Communities, as those who still maintain this tax will allow their taxpayers a 100% deduction.
The amendments they intend to adopt this tax will also include the limitation of corporate tax deductions for large multinationals, reducing to 50% the ability to offset losses of subsidiaries in consolidated groups.
Source: La Verdad
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