This Monday, the Finance Commission of the Congress of Deputies approved a two-point increase in personal income tax for savings income above 300,000 eurosfrom 28% to 30%, but the lack of support for the government left up to five taxes outstanding.
A corporate tax for multinationals
One of the main points was a 15% minimum tax for all multinational companies which operate in Spain. The European Union has demanded it in a directive, and if it is not approved, Spain faces a fine of one million dollars.
Banking and energy tax
The continuity of these two taxes imposed on a provisional basis is uncertain. This Thursday the reform will be voted on with which the Executive intends to make them permanent.
Taxes on diesel, private health insurance and luxury goods
The government intends to impose a new tax to these three elements, which has been harshly criticized by employers, because, according to them, the European directive serves as a pretext. “We cannot take advantage of it, it is a European standard, to include lots of additional measures,” he said. Antonio Garamendipresident of the CEOE.
VAT on tourist apartments
The rise of taxes on tourist apartments and socimis They also remain in doubt. In this case, the government’s own partners leave their support in doubt, since Sumar considers that the PSOE proposal is “insufficient”.
Approved taxes
It hasn’t all been bad for the government. The Executive succeeded in achieving a increase in tobacco tax and news on electronic cigarettes. It was also approved a increase in personal income tax for higher incomesthat is to say those who exceed 300,000 euros per year.
