Contribution on windfall profits from the energy and food distribution sectors generated revenue of around five million euros in 2023, according to tax revenue statistics.

The Temporary Solidarity Contribution (CST) on the energy and food retail sectors, which was paid for the first time in September last year, is not individualized in the tax revenue statistics and is instead included in “other indirect taxes”, as indicated by INE, in response to Lusa.

According to the INE tables, the “other indirect taxes” item registered 5.05 million euros in 2023 – whereas in the previous year, when the rate did not yet exist, it had not reached 100 thousand euros. Legislated at the end of 2022, the Temporary Solidarity Contribution is calculated after the submission of the annual IRC declaration and was designed to apply to excess profits calculated in tax periods for IRC purposes that begin in the years 2022 and 2023.

For the purposes of applying this rate (which is 33%), excess profits are considered to constitute part of the taxable profits, for each of the tax periods that exceed the corresponding 20% increase in relation to the average taxable profits in the four tax periods starting in the years 2018 to 2021.

Jerónimo Martins, as reported by Público at the beginning of March, paid 700,000 euros in extraordinary profits for the 2022 financial year.