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The Treasury contemplates it in the draft Budget sent to La Moncloa. The collection of Corporate Tax and the next EPA will be decisive Montoro will ensure that Podemos and populist mayors do not hide bills in drawers Officials have protested to the Government because they are tired of it playing with them electorally Rajoy's agenda to carry out the Budgets: they will be approved in mid-October Rajoy will not announce the date of the general elections until the approval of the Budgets is guaranteed Cristóbal Montoro and Mariano Rajoy. Cristóbal Montoro and Mariano Rajoy. The reduction in VAT for pharmacies, gyms, hairdressers... has become the Government's next objective. After ruling out a tax reduction for the culture industry, the Treasury contemplates it in the draft General State Budget sent to La Moncloa. This is a reduction for these sectors that have not experienced any tax improvement throughout the legislature. Montoro publicly confirmed this week that he will not lower the cultural VAT in the remainder of the term, because he considers that it is more necessary to reduce taxes for all Spaniards, and that is why he has brought forward the reduction in personal income tax planned for to this month of July .
Sectors that have not experienced any reduction Now what it is about is, as El Confidencial Digital has learned through sources close to the Treasury, returning other sectors that, at that time, were affected by the dramatic situation to the situation prior to July 1, 2012. financial situation of the country that forced the Government, under pressure from European partners, to raise VAT. Montoro 's team explains to ECD that the plan is to take advantage of any margin that appears, taking into account the month-by-month evolution of tax collection, to decide on additional reductions, which in this case will be directed to sectors that have not Denmark Mobile Number List experienced any. improvement throughout the legislature, such as hairdressers, beauty salons, gyms, parapharmacy products ... These groups saw how the VAT they paid grew from 8% to 21% in . The idea now is to leave it at 10%, at the reduced rate . It must be remembered that the general tax rate increased three points, from 18% to , and the reduced rate went from 8% to 10%. The super reduced rate remained at 4%. Waiting for two indicators to make the decision According to the sources consulted, the Government's economic team is waiting for two fundamental indicators to calculate the specific margin that exists to make the decision on discounts for these sectors. The first of these data will be delivered to the Minister of Finance next week.
It refers to the collection of Corporate Tax, through the first installment payment of large companies , a figure that already advances a forecast of business profits at the end of the year. Another of the pending indicators, which will also be known next week, is the Active Population Survey (EPA) corresponding to the second quarter of the year , with which the Executive plans to quantify the improvement in job creation forecasts in what goes for exercise. With these two decisive pieces of information, Montoro has already received the order from Rajoy, as reported in ECD, to have the General State Budgets ready for the last Friday of July, the 31st , so that they can be submitted for debate that day. in the Council of Ministers. Culture has already benefited from tax deductions Treasury sources also maintain, as an argument to rule out a reduction in cultural VAT in this legislature, that the Government already improved the deductions for cinema and theater last year , and has created a new figure to attract foreign productions similar to the one that exists. in other European countries, starting from a minimum investment in Spain. exp-player-logo What saints are celebrated today, List complete saints list Specifically, it is a deduction of 15% of expenses incurred in Spanish territory for foreign productions, which can also be received in advance. It requires that the expenses incurred be at least one million euros and has a maximum deductible of 2.5 million.