BackOn December 27, 2022, the Official State Gazette (BOE) published the Temporary Solidarity Tax on Large Fortunes. This tax has a double purpose: first, it aims at a greater tax contribution to people with a greater economic capacity in order to help solve situations of vulnerability. In the second place, it is intended to fiscally amortize the wealth of the different Autonomous Communities, so that the objective is to tax all taxpayers on their wealth. In this way, no competence will be ceded in the tax collection, management or state inspection.
The Temporary Solidarity Tax on Great Fortunes is a personal, progressive, temporary and direct tax and will seek to tax all net wealth deemed to exceed 3 million euros on December 31.
The taxable base of the Temporary Solidarity Tax on Major Fortunes is defined in relation to the result between the value of the assets and the value of the rights owned by the taxpayer with that of the debts, charges and encumbrances that cause a decrease in these. In addition, several progressive rates will be applied.
Finally, in order to create a differentiation between the Temporary Solidarity Tax of the Great Fortunes with the Wealth Tax, in the latter it will be possible to subtract in the first place the quota paid from the rest in the autonomous community in which the taxpayer has his residence.
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