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The state has approved more than 13 billion tax breaks – Taxes



The tax costs of the PRO amounted to 1.225 million euros in 2018, an increase of 72.1% in 2015, part of this increase as a result of the increase in the non-resident user.

According to the report on fiscal expenditure for 2018, announced today on the government portal, the total amount of fiscal benefits granted by the state in 2018 is 13,117 million euros, equivalent to 6.6% of GDP and represents an increase of 2.393 million as compared by 2015.

The document shows that VAT is the tax in which the value of tax benefits given to taxpayers is greater, but also shows that in the PRO the highest increase was observed in comparison with previous years.

In the case of VAT, tax costs – between the preferential rates and tax exemptions – amounted to 7,925.2 million euros, which is 0.7% lower than 7,984.2 million euros recorded in 2017, but more than 1.7 billion euros in 2015.

In the PRO, all deductions, preferential rates and exemptions resulted in an expenditure of 1.225 billion euros in 2018, 13.4% more than in the previous year and another 72.1% (513 million euros) than in 2015.

"This increase of about 513 million euros during the reviewed period [2015-2018] mainly due to the tax expense resulting from the application of preferential rates, estimated at around EUR 703 million [em 2018], as well as the significant increase in the number of taxpayers covered by the tax regime for non-ordinary residents, "the document says.

The current non-resident scheme (RNH) provides for 20% income tax (SRI) to be applied to income from work with a list of high-value-added jobs and the release of pensioners from pensions paid by a foreign country.

This scheme was created in 2009 and its philosophy is similar to that of other similar schemes in other countries of the European Union.

Also, according to the PRO, tax costs through the deduction of refusals increased from 332 million euros in 2015 to 407 million euros last year, the report says that the increase "arises mainly from the increase in the number of people with a degree of disability equal or greater than 60% "and an increase in the number of invoices with NIF of the final consumer submitted to the tax and customs authorities.

In the ranking of taxes with higher tax costs, the IRC (1,117.7 million euros in 2018), the Press Tax (EUR 945.3 million), the Petroleum Product Tax (EUR 485.2 million), the EUR) and the IMI (482 , 1 million euros).

In the case of the Municipal Property Tax (IMI), the estimated tax expense for 2018 is greater than 2017 (442.9 million euros), but is lower than in 2015, when it amounted to 514.4 million euros.

According to the Report (which dates back to October 2018), "the reduction of 32m euros in the respective period [2015-2018] is mainly due to the reduction of tax exemptions as a result of the extermination of temporary tax benefits related to the process of general assessment of urban facilities conducted between 2012 and 2013, as well as the subsequent changes in the normative assessment of tax benefits. "

It should be recalled that after this general property valuation process a safeguard clause was created that prevents the value of IMI from being paid by taxpayers over a certain amount from one year to the next.


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