The Declaration of Income and the Return
The Income Statement always generates questions and uncertainties among taxpayers. Some of them can request a refund from the Treasury if they meet certain requirements. This year, a special opportunity arises for pensioners who contributed to the Mutualitat Laboral de Banca until 1978.
Acknowledgment of Undue Charge
The Tax Agency has recognized that it overcharged pensioners who contributed to this mutual fund, owing them up to 4,000 euros, depending on the case. This amount varies according to the work history of each pensioner and the time contributed to the mutual fund at that time.
Judgment of the Supreme Court
This decision is based on a ruling by the Supreme Court which recognizes the right of current pensioners who contributed to the Mutualitat Laboral de Banca. This right includes a tax reduction of 100% for contributions up to 31 December 1966 and 35% for contributions between 1 January 1967 and 31 December 1978, a right which was not properly applied in that moment.
Claims and Corrections
This ruling also opens the door to possible claims by other workers who contributed to other professional mutuals in that same period, such as the construction sector, electricity, fishing, iron and steel or shipyards.
Complaint Procedure
Taxpayers who find themselves in this situation and wish to recover money from the Tax Agency must make a rectification of the personal income tax assessment for the years not prescribed, that is to say, the last four financial years. In addition, in the event of the death of the beneficiaries, the heirs have the right to claim the corresponding amount.
Review of the Income Statement
Retirees who have to submit their income tax return can see this refund reflected in the draft, as a regularization of the tax data under the concept of ‘Adjustment for mutual funds – DT2 LIRPF’. In case this information does not appear, it can be added manually.
