The digital tax on large multinationals or “Google Tax”continues its parliamentary procedure for approval in Spain. The tax on certain digital services (IDSD) was approved by the Congress of Deputies, and is now sent to the Senate for its approval.
Taxable persons will be those legal entities and entities with a net amount of turnover of more than 750 million euros worldwide and with an income derived from digital services taxed in excess of 3 million euros in Spain. Companies that exceed these figures will be affected regardless of their tax residence. All this is reflected in article 8. The tax would be 3%.
Source: ivaconsulta.com
Latest Posts in "Spain"
- Spain TEAC Clarifies Plastic Tax Refunds and VAT Correction for Fraudulent Transactions
- VAT Exemption Code 9022 for Special Regime Operators with Global Guarantee
- VAT IT eezi webinar – European E-Invoicing Spotlight: Greece, Poland, Croatia & Spain (Nov 27)
- Understanding Spain’s Royal Decree 1007/2023: Digital Billing Records and Fiscalization Compliance
- Restored VAT Rates Boost Spain’s Revenue by €1.67 Billion Amid Strong Economic Growth
