Frequently asked questions about the temporary tax on credit institutions and financial institutions

The payment obligation will arise on the first day of the calendar year, that is, JANUARY 1 of the years in which it is due, and must be satisfied within the first 20 calendar days of the month of SEPTEMBER of said year, without prejudice to the advance payment that must be made.

Obligated persons or entities must pay, within 20 calendar days of the month of FEBRUARY following the date of the obligation to pay the benefit, as advance payment of said benefit, the result of multiplying the percentage of 50% on the amount of the benefit calculated in accordance with the above point.

If the amount of the sum of the interest margin and the commission income and expenses corresponding to the previous calendar year is not definitively known within the period for settlement and payment of the advance payment, it will be estimated provisionally according to a reliable calculation method. In particular, the estimate resulting from the duly formulated accounts or, failing that, the estimate derived from the audit work of the accounts for the purposes of preparing and formulating the accounts will be considered reliable.