July 25, 2021

Cinco Días Forum: Hacienda maintains the limits to qualify for module taxation | Economy

Cinco Días Forum: Hacienda maintains the limits to qualify for module taxation | Economy



María Jesús Montero, during her speech at the Foro Cinco Días.

The Minister of Finance, María Jesús Montero, announced this Tuesday at the FIVE DAYS Forum that will maintain the limits to benefit from the objective estimation regime or modules and will not harden next year, as planned, this type of taxation. It is a fiscal measure that will benefit half a million self-employed workers, according to the head of the Treasury.

The current legislation provided for the thresholds to be hardened in 2019 to qualify for this particular tax regime. In fact, from next year it would be excluded from this regime, which allows the self-employed to pay taxes based on some parameters such as the meters of the premises or the consumption of electricity among others, when the integral returns of the self-employed person surpass 150,000 euros, when the turnover to other entrepreneurs or professionals exceeds 75,000 euros or in the case that purchases in goods and services exceed 150,000 euros.

But the finance minister has made progress that will maintain the current exclusion limits and will not tighten the taxation by modules in 2019. Thus, the exclusion limit of the system remains within the current limits that prevent individual entrepreneurs from benefiting from this regime when intact self-employment returns exceed 250,000 euros, when the turnover to other entrepreneurs or professionals exceeds 125,000 euros or in the case that purchases in goods and services exceed 250,000 euros.

Do not extend budgets

During his intervention, Montero has assured that he does not contemplate a budgetary extension since he keeps open the negotiation with the opposition parties, even though the Catalan separatist parties have already warned that he will not negotiate them after hearing last week the accusations of the prosecutor's office and the State's advocacy for the 1-0. "We have to give time for things to settle," said the minister

The statements of the minister contrasts with the position shown yesterday by his cabinet partner, the minitra of Economy, Nadia Calviño, who said at the entrance of the Eurogroup that does not rule out the budget extension.

Tax on mortgages

The minister has tried to be cautious about the decision of the Supreme Court regarding the mortgage tax. He insisted that we must wait for the decision of the full court to clarify who has to pay the tax on legal documents, the bank or the client and if the decision involves retroactivity. "The impact for the autonomous communities if the retroactivity is four years would be 5,000 million euros in the public coffers, but it would be claimed to the financial entities," the minister explained. "We have to make the rights of citizens compatible but it is not the State that should provide it," he adds.

The minister has avoided answering about the possibility that the Supreme Court certifies that the tax is paid by the banks, which would provoke a claim from the citizens to the regional tax agencies, but these could not collect that tax passed to the banks because at that time the taxpayer was not defined. "I'm worried that you ask me that question," he said.

"We believe that the increase of the Minimum Interprofessional Salary (SMI) will not have an effect on job loss," said Montero, who recalled that in the past this measure has increased consumption and "has been a spring for the dynamism economic".

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