Taxpayers from a total of ten autonomous communities will have to pay a bonus to the State as a result of the enactment of the new tax for the three million euros of wealth encouraged by the Government to be processed in the Congress of Representatives. . From the moment the Minister of Finance, María Jesús Montero, announced the creation of this new tax, the Government has made it clear that its aim is to align with communities such as Madrid and Andalusia to achieve a minimum tax on the wealth tax. their self-government eliminated it by giving them a 100% discount on their quota. Now a study on it Applied Economic Studies Foundation (Fedea) in addition to the new tax Andalusia Already Madridwill affect taxpayers. Catalonia, The three foral estates of Galicia, Asturias, Cantabria, Murcia, the Balearic Islands, the Basque Country and Navarra.
In these ten communities, the regional wealth tax is lower than the new state tax in all or some parts of it. The difference between one and the other must be entered. State Tax Administration Agency (AEAT), unless regional governments raise their respective taxes to the state level prior to its entry into force, at least keep more taxation of taxpayers in the regional coffers.
taxpayers Valencian Community and those La Rioja, Aragon, Castilla-La Mancha, Canary Islands, Extremadura and Castilla y León Since the wealth tax in these communities represents a tax burden equal to or greater than the new state tax, they will not be affected by the new tax.
The mechanism of the new tax
New as designedtemporary solidarity tax for large fortunes‘ – baptized as such – the tribute includes a rate starting at 3 million euros. A minimum rate of 1.7% reaching 3.5% Starting from 10,695,996 Euros. It has been determined that everything paid for the regional wealth tax will be deducted from the amount arising from this tax.
Thus, in communities where the regional wealth tax is equal to or higher than the new tax, taxpayers will not be affected by the new tax figure. However, in communities where there is no wealth tax or where it is lower than the new tax – as in Madrid or Andalusia – taxpayers will be affected by a certain level of wealth, which differs in each region depending on its scope. depends on the regulations. This is exactly what happens in the ten communities identified by Authors of the Fedea reportCarmen Marin, Diego Martinez and Manuel Diaz.
Examples for Catalonia
According to Fedea’s calculations, in the case of Catalonia, taxpayers with net worth Starting from 17,546.648 Euros to pay an additional sum to the State in 2023 as a result of the new ‘solidarity tax on great wealth’ (after reducing the debts and the value of the habitual residence to 300,000 euros).
The bonus payable to the government increases as the net worth increases. For a Catalan taxpayer with net worth 18 million, In addition to paying the Catalan tax, you will have to pay 3,400 Euros to the State.
For a Catalan taxpayer with net worth 20 million, it will be plus 18,401 euros for the state. If the net worth 30 millionThe additional amount to be paid to the Tax Office will be 93.400 Euros. For the net worth example, it increases to plus 325,290. 60 million and the taxpayer’s net worth reaches 618,400 euros 100 million. Yet another example: net worth 200 million euros will have to pay 1,368,400 euros to the State Tax Administration (AEAT), in addition to paying 6,753,364 euros to the Catalan treasury.
other communities
Inside Madrid and AndalusiaTaxation to the State will be made on assets of 3.7 million (a result of the tax exemption of €700,000 plus 3 million), there is no wealth tax in these two communities.
According to Fedea’s calculations, the new tax is Galicia With assets starting at 8,639,577 Euros. In the case of Asturiasnew tax for net worth starting at 23.89 million and CantabrianStarting at 26.29 million.
In the case of murcia, The net asset limit at which the new solidarity tax will enter into force is EUR 25,032,081. Inside balearics, the red line is from 209,853,351 euros.
With regard to Basque country properties, the new state tax will be paid on: lava Starting from 13,166.853 Euros. Inside BiscayWith prices starting from 9,597,712 Euros and guipuzkoa, Starting from 13,066.853 Euros. In the case of Navarra, Taxpayers with a net worth of more than 10,612,803 euros will be affected.
unresolved issues
In light of these data, the authors of the Fedea report argue that communities that have already completely given up on collecting regional wealth taxes (Madrid and Andalusia) will take it back. “It may make financial sense: Before collection of the tax ends in the central government, affected autonomous communities may desire to collect all taxed by taxpayers. However, these communities also want to subsidize the quota up to 100% and sue in the courts for violation of their tax autonomy. They will reaffirm their positions”.
About Catalonia and seven other communities Where the wealth tax is lower than the solidarity tax after a certain level, the authors wonder: “Will the taxpayers be indifferent to the tax increase?” And in this case, they believe, “these communities may be tempted to increase their wealth taxes in order not to lose income in favor of the State.” They also propose another option that would allow communities to neutralize the effect of the increase, and which involves raising the tax on the one hand but deducting the increase from the quota of another tax.
Source: Informacion
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