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HomeLatest NewsThe Treasury absorbs 95% of its 'extra' rate from large fortunes of...

The Treasury absorbs 95% of its ‘extra’ rate from large fortunes of PP communities

Date: December 8, 2023 Time: 12:52:16

The temporary tax established by the Government on large fortunes has raised a total of 623 million euros this year. Only 0.1% of all taxpayers have been forced to pay this tax and the 12,010 who have been affected have made an average contribution of 52,000 euros.

The Ministry of Finance pointed out that the “total practice” of the citizens who have been affected by this tax live in autonomous communities in which the wealth tax has been “given up.” Furthermore, he stressed that this measure contributes to the creation of a “more progressive fiscal policy.”

The reason why most of the collection comes from communities that partially or completely subsidize the wealth tax is that only the part of large fortunes that are not taxed by the wealth tax is taxed.

Both taxes collect 1,868 million

The temporary solidarity tax on large fortunes, approved for the years 2023 and 2024, affects net assets exceeding 3 million euros, accrues on December 31 of each year and the presentation of the declaration occurs between 1 and on July 31.

According to the details of the Treasury, the total collection from the tax on large fortunes and the wealth tax amounts to more than 1,868 million euros this year, a figure in line with the Government’s forecasts.

The great fortunes of Madrid, the most pagan

Of the 12,010 filers, the majority correspond to large assets from Madrid (10,302 taxpayers), who have contributed 555 million euros; In second place is Andalusia, with 865 taxpayers who have paid 29.7 million; and in third place is Galicia, with 91 taxpayers who have paid 9.8 million.

The three communities account for more than 95% of the taxpayers and collections. Catalonia occupies third place by number of filers (322), although the collection is 2 million euros. By number of taxpayers, La Rioja and the Canary Islands, both with three, and Extremadura, with four, are the regions with the fewest taxpayers to this tax.

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Puck Henry
Puck Henry
Puck Henry is an editor for ePrimefeed covering all types of news.

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