They are going to charge 4,000 euros and it is imminent

A group of retirees will have good news from the Treasury imminently. The approximately 5 million mutual members who contributed too much due to an error by the Tax Agency They have already collected or will collect in the coming weeks between 3,000 and 4,000 for what they overpaid at the time. A sentence of Supreme Court It forced the Public Treasury to catch up with millions of people who will benefit from a historic ruling.

He Supreme Court ruled that the workers who contributed to the Banking Labor Mutuality They were entitled to receive a tax reduction of 100% for contributions up to December 31, 1966, and 25% for contributions between January 1, 1967 and December 31, 1978. That is, the mutualists of the The first group had to be returned 100% of what they contributed on the day, while the second group had to receive 25%, since they contributed at 100% when they should have contributed at 75%.

The sentence of Supreme Court 255/2023, REC. CASATION 5335/2021 of February 28 not only recognized the rights of the workers of the Banking Labor Mutuality If not, the Tax Agency should also owe the extra tax on their pensions to those who were once in mutual societies related to the construction, fishing, shipyards and a long etcetera sector.

In total, around five million retirees have the right to receive a refund for what they paid too much at the time due to an error of Tax authorities but this will only apply to the non-prescribed years, which are the last four years of the year. Personal income tax since last year 2019. Therefore, before June 30, all mutual members who were eligible to be beneficiaries had to have submitted the 2023 income tax return before the last day of the campaign. Those who have not arrived on time can fight it and even win by filing a request for the return of undue income.

Refunds to mutual retirees

Such was the barrage that was mounted after the decision of the Supreme Courtthat the Tax Agency was forced to open a communication channel so that the millions of affected people could fill out an application form. By specifying the data and account number, the Administration would be in charge of cross-checking data and if more supporting documents are needed, it will contact those affected. This is one of the biggest problems since the papers that justify what was overpaid 50 years ago can be difficult to find and even more so in cases in which that mutual member has died and the possible beneficiaries would be his heirs.

«This form can be used to request all returns corresponding to the 2020-2023 period, although for 2023, in most cases the calculation will already appear in Renta Web and the adjustment will be automatically applied to the declaration. For those cases in which the AEAT If you do not have sufficient information, you will not be able to offer the calculation in the tax data, but to request the adjustment it will be enough to present the same form used for previous years,” states the Tax Agency in the open channel to proceed with refunds.

The mutual members who will not be entitled to this refund from the Treasury are those who receive pensions paid by passive classes to public officials, the self-employed, widow’s pensions and non-contributory pensions.

When does the treasury return money to retirees?

This is the million dollar question. Many mutual members have already collected the compensation corresponding to 2023 after the last declaration, but there are others who are waiting to be paid an amount that can reach up to 4,000 euros. Tax authorities A deadline of until the end of the year is usually set to take charge of the pending payments and if this date is exceeded you will have to pay interest that is usually around 4%.

Through the page enabled by the Tax Agency You can also get information about the application situation. If you have not yet received the payment and it appears as pending, imminently or in the coming weeks Tax authorities He will catch up with you about what he overpaid in his day.