The Government will approve in a few weeks the new decree of anti-crisis measures
The Government will approve in a few weeks a new decree law of measures to alleviate the effects of the rise in inflation on families and companies. The decree, whose content is not defined, will incorporate “predictably measures of a fiscal nature” among which would be included the expansion of some of the initiatives known as the social shield to deal with the rise in prices (the 20-cent bonus on fuel or the VAT reduction on electricity, among others). This was stated by the Secretary of State for the Treasury, Jesús Gascón, during his speech at the XXXII Congress of State Treasury Inspectors held in Granada.
Several members of the Government, including the First Vice President and Minister of Economy, Nadia Calviño, had advanced that the Executive is studying extending a part of these measures next year, limiting them to certain sectors or groups based on their effectiveness. Gascón has stressed that the extension is possible thanks to the good performance of tax revenues and has also estimated the impact on the collection of tax rebates in progress throughout the fourth quarter of this year at 2,000 million euros ( of measures such as the reduction of VAT and the special tax on electricity, on electricity production…)
Regarding the solidarity tax on large fortunes, the ‘number two’ of the Treasury has explained that the affected taxpayers will pay it in June 2023, with the personal income tax and Wealth declaration, charged to the 2022 financial year. The newly created tax will allow the State raise around 3,000 million euros over the next two years, according to the calculations of the Department headed by María Jesús Montero. Gascón has also explained that the tax will be included in the Bill that creates the two announced taxes on banking and on the extraordinary benefits of electricity, gas and oil companies.
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