The Joint Commission on the Economic Agreementchaired by the Minister of Finance, Maria Jesus Monteroand the Basque Minister of Treasury and Finance, Anjou Christmasacceptedexpand the economic autonomy of Euskadi in 14 taxesincluding VAT and non-resident income. Likewise, during a telematic meeting, the amount of the this year’s quota at 1,504.5 million euros.
The Joint Committee on the Economic Agreement unanimously adopted 16 agreements in four main areas, including amending the economic agreement to increase the economic and financial autonomy of Euskadi; the participation of Basque institutions in different international tax organizations and forums; the determination of the quota and the evaluation of definitive active employment policies for 2022 and 2023 and provisional for 2024; and Euskadi’s participation of 6.24% in various extraordinary allocations for actions related to health and victims of sexual crimes.
On this occasion, the State representation and the Basque Party agreed to meet and sign these agreements. electronically
The agreement highlights the expansion of regulatory autonomy in non-resident income tax, so now Everyone will pay income tax and property tax in Euskadi.and not a part as up to now, and the increase in own regulatory capacity in terms of formal obligations and management of provincial treasuries in 14 taxes, including VAT.
In addition, the amount of this year’s Basque quota has been set at 1,504.5 million euros; and the participation of Euskadi in international tax forums, the European Union and the OECDwhich was a historic requirement of the Basque Government.
The regulatory capacity of municipalities in tax matters has also been expanded. Documented property transfers and legal actswhich taxes deposits of credit institutions or the tax on the value of electrical energy production, among others.
Active employment policies
On the other hand,and also unify the agreements concluded since 2010 on active employment policies and 68 million are transferred to the Basque Country to help victims of sexual violence.
Another relevant agreement of the Joint Commission of Economic Agreement is the responsibility of regional taxpayers who import, which They will not have to advance payment of value added tax to customs, as is the case for the Public Treasury. It was agreed between the two administrations to analyze the problem in order to arrive at agree on a solution for Basque taxpayers.
Both parties, the central government and the Basque government, commit to meeting again before the end of the year.or to organize the new multinational taxes which are currently being negotiated in the Congress of Deputies.
