Banks will pay 4.8 percent of commission and net interest

Already registered for PSOE and United We Can Congress of Deputies two new taxation bills for major energy companies and banking institutions. In particular, the two governing parties, 1.2% tax on energy sales With a turnover of over 1,000 million euros and a 4.8% commission and net interest from banks. The socialists and purple hope to raise 7,000 million euros in the next 2 years.

Following Pedro S├ínchez’s statement in the debate on the state of the nation, PSOE and United We Can have already put on paper proposals to tax two of the economic sectors that have benefited the most in recent years. Predictably, both entities want to create two new taxes, with a bill that will be debated in Congress in September and will need to be approved before the end of the year. “extraordinary and temporary” in force 2023 Y 2024. They expect to receive 2,000 million euros from energy companies and 1,500 million euros from banks each year.

Members of the government will meet this Friday with all the companies that will be affected – about 20 companies – to report details of the proposal.


The rule aims to tax the main electricity, gas and oil companies with a tax. 1.2% net turnover amount – that is, the number of sales of goods and benefits – as long as the turnover is greater 1,000 million euros. Organizations with residual energy and representing less than 50% of their bills will also be excluded. In the case of banking institutions, the tax will affect those whose amount of interest and commissions from their customers exceeds 800 million Euros and 4.8% will be applied to the sum of net interest and net commissions.

Both taxes, if the rule is approved before the end of the year, Based on January 1, 2023, 2022and then January 1, 2024, on the number 2023. Although there is a 50% deposit on the account in February, they will have to be paid on September 1 each year.

Protection for the citizen

One of the aspects that caused the most friction between socialists and morons has been the inclusion of measures to prevent these companies from passing tax costs on to their customers. The rule explicitly forbids large energy companies and banking institutions to impose taxes on the cost of their services. In the case of banks, the person responsible for checking that these bad practices do not occur will be the National Markets and Competition Commission (CNMC), in cooperation with the Bank of Spain. However, the bill does not specify any mechanism to verify that the prices of the services provided are not increased.

If increases are detected to offset the impact of the tax, the rule imposes an economic penalty of 150% of the amount transferred to the customer. Parliamentary sources from United We Can say they want to go “further”. In particular, they proposed its creation. a new financial crime The Turkish Penal Code, which imposes a prison sentence of up to 10 years for those who practice these practices in strategic sectors such as energy and banking. The Socialists flatly refused to touch the Penal Code as it meant the enactment of an organic law that would need a larger majority in Congress.

Source: Informacion


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