The Government introduces the tax on large fortunes as an amendment to the banking tax


The Government complies with its threat and processes the tax on fortunes of more than three million euros as a partial amendment to the bill that regulates the Temporary levies on banks and energy companies. As sources from the United We Can parliamentary group have confirmed to Efe, it is a joint amendment by the PSOE and UP that will be registered this Thursday before the deadline to present it expires. partial amendments to the aforementioned bill.

The tax on large fortunes, announced by the Government within the framework of the 2023 budgets, will be temporary -since it will be in force in 2023 and 2024-, it will be deductible from the wealth tax and will have three tranches that will tax the assets to from 3 million euros.

Amendment agreed with Podemos

Measure, agreed by the partners of the Government last September, contemplated a rate of 1.7% for assets of between 3 and 5 million, 2.1% for assets of between 5 and 10 million and 3.5% for assets of more than 10 million euros.

Then it was calculated that it could raise 1,500 million in two years, before deducting what was paid for the estate tax. In addition to the tax on large fortunes, the amendments of the PSOE and UP could also include the limitation to the compensation of losses of affiliates within the large consolidated groups.

This measure was also agreed between the partners of the Government for the 2023 budgets and implies that in 2023 only 50% of the losses of subsidiaries can be compensated, being able to apply the rest in 2024. This will increase collection by 2,439 million and will only affect 3,609 companies, 0.2% of the total.


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