In economic matters, more details about the tax on banks and electricity companies presented by the government are already becoming known, in addition to the fines that would be imposed if they pass on this tax to customers. With this new tax, the government expects to collect 7,000 million euros. Next, we tell you all the details.
What are these two taxes?
We are talking about two temporary taxes, for two years, one of them directed to the energy sector while the other is related to banks. In the case of the tax aimed at the energy sector, you will have to pay 1.2% of your income, it is a tax that only affects companies with more than one billion a year. On the other hand, in the case of the bank tax, the scale is different, 4.8% on economic interest for financial entities that enter more than 800 million euros per year.
In relation to the fines, it must be taken into account that there will be fines for those who revert this tax to the consumer. In this way, those companies that transfer the tax to the user’s final price are exposed to a penalty of 150% of the amount. The body in charge of monitoring that the tax does not affect customers in the case of energy companies is the National Commission of Markets and Competition (CNMC), while in the case of banks it is the CNMC that must collaborate with the Bank of Spain
The government intends to raise 7,000 million euros
A considerable fact about this new tax, which will come into force during 2023 and 2024, is the amount of money that the government expects to collect, which is 7,000 million euros.