The Treasury enters almost 1,500 million from banks and energy companies for the new tax

The Tax Agency has received a total of 1,454 million euros from the large banks and energy companies as a result of the first payment of the extraordinary taxes approved at the end of last year.

Thomas Osborne
Thomas Osborne
21 February 2023 Tuesday 05:26
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The Treasury enters almost 1,500 million from banks and energy companies for the new tax

The Tax Agency has received a total of 1,454 million euros from the large banks and energy companies as a result of the first payment of the extraordinary taxes approved at the end of last year. This collection comes in parallel to the resources that the sector employers have begun to raise and the first company that has made a move, Bankinter, which yesterday Monday announced its judicial fight against the tax.

When presenting the data, the Minister of Finance and Public Function, María Jesús Montero, stated that they are asking banking and energy companies "in the face of historical benefits, make a small effort and help the citizens of their country."

The first payment of the energy tax, which affects companies such as Iberdrola, Repsol, Naturgy or Endesa, among others, has totaled 817.4 million euros, according to the data collected in the collection report presented by the Minister of Montero, in the Council of Ministers this Tuesday.

In the case of banking, a tax that affects entities such as Santander, CaixaBank or BBVA, among others, the total collection in this first installment has been 637.1 million euros.

Montero has defined these figures as "very positive" and has ensured that, being conservative, the real annual collection of both taxes will exceed 2,900 million. The Treasury estimated income of 1,500 million a year with these extraordinary taxes, which would imply a degree of execution of 97%.

These more than 1,500 million advanced by banks and energy companies are added to the collection record achieved last year, with more than 257,000 million, according to what the Secretary of State for Finance and former director of the Tax Agency, Jesús Gascón, anticipated. In the absence of closing the definitive data, the ministry recorded in 2022 tax revenues that grew by 15.1% in relation to those of 2021. Gascón advanced that these results were going to increase this year with an increase in the expected collection of 7 .7%