The Government’s proposal comes in a scenario of rise in international energy prices that put pressure on the cost of living for Spaniards, since the outbreak of the war in Ukraine. To contain this impact, the country had already promoted measures to save energy and control tariffs.
“We will evaluate the tax on banks and we will carefully consider the taxation of large energy companies,” Montero said, adding that hopes that in 2024 the war in Ukraine will be over and “we can consider things and the fiscal policy of the contribution of large companies in a calm way and in a way that allows us to reflect together as a country”.
Meanwhile he Proposed tax for banks carries a 4.8% charge on net interest income and net commissions from banks, the levy on energy companies includes a 1.2% tax on the sales of electricity companies.
The Government has already said that is open to modify your proposal of law to ensure that it does not affect the financial stability of the country and adjusts to the European proposals.
Unlike Spain, the The European Commission has approved a temporary tax on windfall profits of oil, gas and coal companies.
It would apply to 33% of the excess taxable profits of companies from 20222023 or both, understanding surpluses as those that exceed 20% of the average profit company’s taxable in the last four years.
For now, however, the Spanish government wants the bill to be debated and approved with possible amendments in the Parliament in its current form.
Source: Ambito
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