These are improper deductions from the pensions of those who made contributions to mutual societies in the 1960s and 1970s and did not enjoy the same personal income tax deductions as the rest of the workforce.
The Basque provincial estates will have to return more than 730 million euros to pensioners That they paid mutual insurance companies before 1979 following various court decisions that allow them to claim income tax returns for the five non-prescribed years (2018 to 2022).
These returns are derived from the Supreme Court rulings who recognized the mutualists right to reclaim deductions that they had in their pension, because they had not taken into account the contributions they had paid up to the above-mentioned year 1979.
The biggest impact of the proceeds will be on the treasury of Bizkaia. The Deputy of Finance and Finance of this area, Itxaso Berrojalbiz, explained this Monday during the General Assemblies that a negative impact is expected on the collection of 432 million euros.
Berrojalbiz has indicated that the Treasury has already returned 106.7 million for the amounts due for 2023, and that the review of the settlements for the last four non-prescribed years, estimated at 325 million, will be carried out between October and November. Therefore, 104,826 affected mutual members will get their money back before the end of the year.
In Gipuzkoa The Provincial Council has more than expected 200 million of euros the payment that the proceeds to the mutualists of this area will have for the regional treasury.
In Alava The Deputy General, Ramiro González, pointed out for the first time this Monday the amount of impact that the refunds will have on the coffers of the provincial treasury: more than 100 million euros.
These are “very important amounts that will have a remarkable impact on this year’s collection,” says González, who believes that “it will probably not be possible to meet the collection forecasts”, a possibility he already pointed out last week of Finance and Finance, Noel d’Anjou.
The prediction of the Basque Council of Finance this year The Treasury of the three areas will receive 19 billion eurosThat is 4.3% more than in 2023. The last collection data available this year – up to and including August – estimates collection growth at 2.1%.
Source: EITB
I’m Wayne Wickman, a professional journalist and author for Today Times Live. My specialty is covering global news and current events, offering readers a unique perspective on the world’s most pressing issues. I’m passionate about storytelling and helping people stay informed on the goings-on of our planet.
