The Treasury will stop entering 11,000 million due to the tax cuts of the last anti-crisis decree

• Inflation and the plastic tax dilute Sánchez's VAT drop

The

included in the latest anti-crisis decree approved by the Government will cause a

for public coffers of a total of

, according to the

in the economic impact report to which

The Government has already said that its economic support measures in the face of the crisis, such as the

check for households with incomes of less than 27,000 euros, would cost more than

But that decree law, approved last December and pending its validation in Congress, also extends or introduces

most of them in energy matters, which cause the State a decrease in income.

In the document, although the loss of collection is calculated on a semi-annual basis, many of the approved measures are annual.

1,500 MILLION FOR ELECTRICITY VAT

In this way, the memory of the decree law stipulates that the

for certain supplies of electrical energy will have a semi-annual cost of 1,445 million euros,

of its validity, in accrual terms.

Something similar happens with the extension of the

rate of

, which indirectly taxes electricity consumption.

This measure will generate a revenue loss of

euros per year.

On the other hand, in the energy branch, the application of the reduced rate of

to the supply of

will generate a revenue loss of 433 million euros in the first semester (

), while the application of the reduced rate of

from biomass and wood for firewood will mean a revenue loss of 41 million euros in the first half,

The Executive has recalled that the previous collection impacts affect both the General State Administration and the

, since the measures have an impact on the collections of VAT and the Special Tax on Electricity, whose yields are assigned, partially or totally, to the autonomous communities.

Ultimately, the extension of the suspension of the Tax on the

cause a collection impact of

LOWERING VAT ON FOOD IS 661 MILLION

Leaving the energy area, the decree also includes other measures to alleviate household bills with large revenue impacts.

One of them is the

as bread, flour, milk, eggs or fruit and vegetables, which will mean a reduction in revenue for the State of

.

For its part, the

of the tax rate applicable to edible oils and pasta could lead to a revenue loss of

euros in the first semester.

Unlike the detailed tax measures in the energy area, those referring to food were not designed annually in the decree.

In fact, the temporary extension of these will be determined by the evolution of underlying inflation, which includes the increase in prices excluding energy products and unprocessed food.

Thus, in the event that the interannual rate of core inflation falls below 5.5% in March (data available as of April), the tax rates would return to their original status.

The underlying rate ended 2022 at its highest level for 30 years, after registering an interannual rate of 7% in December and exceeding the general CPI data by 1.3 points during the same month of 2022 (5.7%) .

According to the criteria of The Trust Project

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