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

Credit institutions and financial credit institutions operating in Spanish territory whose sum of income from interest and commissions, determined in accordance with their applicable accounting regulations, corresponding to the year 2019 is equal to or greater than 800 million euros, must pay during the years 2023 and 2024 the temporary tax on credit institutions and financial credit institutions.

In the case of groups:

• When credit institutions and financial credit institutions form part of a tax group that pays taxes under the corporate tax consolidation regime, the temporary tax must be paid by the entity that represents said tax group, in accordance with the applicable tax regulations, determining the sum of income from interest and commissions by reference to said group.

• When credit institutions and financial credit establishments are part of a business group and must file Corporation Tax returns in the common territory and in the regional territory, either individually or consolidated, the sum of the interest and commissions must be computed taking into account the entities and groups that have filed in the common territory and those that have filed in the regional territory, with the entity that has filed in accordance with Law 27/2014, of 27 November, on Corporation Tax, or the entity that, in accordance with the provisions of section 2 of article 56 of said Law, is the representative of the tax group that files in accordance with said law, being liable for payment of the entire temporary tax.