VATupdate

Spain analysing new bills on digital services and financial transactions

The Official Parliamentary Gazette of February 28 2020 published the initiation of the passage through parliament of two relevant bills: one on the tax of certain digital services (also known as the ‘Google tax’) and the other one on the financial transactions tax (also known as the ‘Tobin tax’).

The wording of both bills substantially coincide with that of the bills approved in January 2019 by the Council of Ministers, which was not processed due to the dissolution of the parliament after the call for elections.

We summarise below the main characteristics of both taxes.

 

Source: globalvatcompliance.com

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