New regulations on tax on financial transactions

The decree provides further guidance on the application of the tax on financial transactions on payments made through electronic platforms, cryptocurrencies and similar instruments.

The tax on financial transactions applies to credits to, and debits from, bank accounts and other movements of funds. The general tax rate is 0.6% on the amounts credited to or debited from the taxpayer’s bank account. For movements of funds, the general tax rate doubles to 1.2%.

Source EY

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