The Official Gazette of the Generalitat of Catalonia has published Law 5/2020 which includes various new tax provisions at the regional level.
Below we will mention the most relevant ones:
A) Taxes of OWN scope:
– Tax on empty homes: the bonus percentages are increased according to the volume of homes intended for affordable rental over the total number of empty homes.
– Tax on large commercial establishments: the conditions for liability are modified and a new category is assigned for “Hardware stores” establishments.
– Tax on stays in tourist establishments: for cruise ships that do not enter the port but remain anchored in its waters.
– Tax on the emission of nitrogen oxides into the atmosphere produced by commercial aviation: a technical modification is introduced with the information instruments used to determine the emissions that are subject to taxation.
– Tax on packaged sugary drinks: rates are increased.
– A new tax is created on facilities that impact the environment: it taxes the impact, alteration, or risk of deterioration caused to the environment by the activities subject to it. These activities are:
a) Those related to the production, storage or transformation of electrical energy (self-assessment to be submitted between the 1st and 20th of January following the accrual date)
b) those of transport of electrical energy, telephony or telematic communications through the fixed elements of the supply of electrical energy or of the communications networks (submit self-assessment between the 1st and 20th of October following the accrual date).
The tax is due on December 31st of each year.
– Fees on controlled disposal and incineration of municipal waste: are progressively increasing.
– Water fee: the coefficients that affect the general tax rate corresponding to industrial users are systematized.
– Fees: fees are updated, new taxable events are added to existing fees, new ones are created and others are eliminated.
B) For ASSIGNED taxes:
- Personal Income Tax (IRPF): the minimum exemption for taxpayers with the lowest income level is increased by 10%, and a new bracket is introduced in the regional scale starting from €90,000 of taxable base with a rate of 23.5%, applying 24.5% from €120,000.
- Inheritance and gift tax:
– A new section on Donations made by non-profit entities is introduced.
– The reduced rate applicable to gratuitous transfers between living persons in favor of taxpayers of group I and II, is not applicable to life insurance contracts.
– Reintroduction of multiplier coefficients based on wealth for Group I and II taxpayers.
– Reduction in the percentage of tax credit for groups I and II.
– To enjoy the 95% reduction applicable to the acquisition mortis causa of cultural heritage assets, it is conditional upon the maintenance of the assets for the five years following the death of the deceased, unless within that period the acquirer dies or the assets are acquired free of charge by the Generalitat.
- Property transfer tax (TPO)):
– 100% tax credit on transfers of homes acquired by the Catalan Housing Agency and on acquisitions made by social developers, to be used for officially protected rental housing or transfer of its use.
– Reduced rate of 5% for home purchases by members of single-parent families.
– Regulation of the tax credit for transferring homes to real estate companies, which reduces to 3 years the period they have to resell the home.
- Documented legal acts:
100% bonus on the tax rate levied on public deeds of constitution in horizontal property regime by plots and on notarial documents that formalize acts related to the so-called penitential earnest money.
Certain obligations to be carried out by the taxpayer are modified, in relation to the presentation and deadlines of supplementary self-assessment, in the event of loss of a tax benefit.
If you require our assistance to obtain further information or have any questions, please contact us via our legal email address, ambit@ambitassessor.com, or at our offices.
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A graduate in Business Administration from the University of Barcelona, she supplemented her studies with courses in customer service and corporate tax. While working and studying, she worked in sales and teller operations at La Caixa d'Estalvis i Pensions de Barcelona (now Caixabank) in 2007. From 2010, she worked as an advisor and accountant at Fiscalsegur and PKF Asesores. In March 2017, she joined Àmbit Assessor, SL as a tax and accounting consultant.
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