He affirms that the “really large” profits of Banco Santander known today demonstrate the “success” of the tax on banks
The acting Minister of Finance and Public Function, María José Montero, announced this Wednesday that taxes on banks and energy companies have raised 2.9 billion euros this year, in line with what the Government projected.
Specifically, according to Treasury data, the second payment of both levies, made in September, reached 1,453 million euros, a figure very similar to that of the first payment, made in February. Of this amount, 827 million corresponded to the energy tax and 626 million to the banking tax.
Montero, in statements to the SER channel reported by Europa Press, highlighted that the “really large” profits known this Wednesday “from a financial entity”, in reference to Banco Santander, demonstrate the success of the banking tax.
THEY WILL BE EXTENDED WITH REVIEWS
The minister has been convinced that the Government will win the resources that have been presented against these tax figures which, according to the government agreement between PSOE and Sumar, will be extended after reviewing them in case they need “any adjustment.”
“We will evaluate them and if they need something for greater performance we will do so as well. Before their validity expires we will review both figures and extend them incorporating all the elements that allow them to be safer or more robust,” he stressed.
Right now, the temporary banking tax taxes the interest and commissions of all entities that invoiced more than 800 million in 2019 at 4.8% and the tax affects the activity that the entities carry out in Spain.
For its part, the energy tax is levied at 1.2% of the turnover of companies in the energy sector that invoiced more than 1,000 million in 2019. Income derived from activities is excluded from the turnover subject to the tax. regulated.
In this way, the tax does not affect those incomes where the supply is at a regulated price, as is the case of the PVPC for electricity, the last resort rate (TUR) for gas, bottled LPG and piped LPG.
Both levies were adopted temporarily, for settlement in 2023 and 2024 on the income obtained in 2022 and 2023 by banks (via commissions) and by energy companies.
BELIEVE THE APPEALS PRESENTED AGAINST TAXES WILL WIN
Companies such as Repsol, Banco Sabadell, Bankinter and Kutxabank have filed appeals before the National Court against these taxes, but the court has already refused to adopt precautionary measures on them.
“Whenever we legislate, we do so with legal certainty and, of course, we think that we are going to win those interested resources that have been placed on these fiscal figures,” Minister Montero assured.
The imposition of these taxes does not mean, according to Montero, that banks and energy companies continue to present very large income statements. “It seems that we have been right in the sector that can best contribute to allow better public services, for example, or accompany Ukraine’s measures, as was done for this collection,” he defended.
