Post by account_disabled on Feb 18, 2024 0:51:39 GMT -7
This Saturday two new taxes come into force in Spain: the Tax on Financial Transactions and the Tax on Certain Digital Services. They are better known as Tobin and Google rates. Years have passed since its preliminary projects were presented for the first time, in October 2018 , by the socialist minister María Jesús Montero. Now that both are approved, we will have to wait a little longer. At least a few weeks. Although they come into effect this weekend, the Ministry of Finance has agreed to postpone the first settlements of both taxes, as announced this Thursday Expansiónand Business Insider Spain has been able to confirm . Treasury sources have indicated that these postponements in the liquidation will also not have any budgetary impact. The Transaction Tax is settled monthly, and the Google rate is settled quarterly.
Initially, the first would open its first settlement period at the end of February, while for the second, we would have to wait until the end of April. Rider Law, more increases in the minimum wage or regulating rental prices: the Government's duties for 2021 that the pandemic put in a drawer However, as Expansión details , these periods have had Europe Cell Phone Number List to be postponed because the regulations and liquidation orders are not finalized. The Treasury, for its part, defends that since these are two new taxes, it has been decided to "give a greater margin for adaptation and implementation ", something that the employers of the digital industry demanded in the area of the Google tax.
The first settlement of what is known as the Tobin tax was scheduled for the end of February. This first payment would correspond to the taxed period between January 16 - when the new tax comes into force - and the end of the same month. The decision to postpone the settlement implies that the tax will have to be paid in March, paying all taxed transactions between the second half of January and February at once . The same thing happens with the Google rate. The first settlement corresponding to the first quarter of the year was going to take place in April. Finally, the first two quarters of 2021 will be settled in the July settlement. Ametic and Adigital, two of the employers' associations of the digital industry in Spain, maneuvered in mid-December urging the Ministry of Finance to postpone not only the date of the first settlement of the Google tax, but also to postpone the entry completely.
Initially, the first would open its first settlement period at the end of February, while for the second, we would have to wait until the end of April. Rider Law, more increases in the minimum wage or regulating rental prices: the Government's duties for 2021 that the pandemic put in a drawer However, as Expansión details , these periods have had Europe Cell Phone Number List to be postponed because the regulations and liquidation orders are not finalized. The Treasury, for its part, defends that since these are two new taxes, it has been decided to "give a greater margin for adaptation and implementation ", something that the employers of the digital industry demanded in the area of the Google tax.
The first settlement of what is known as the Tobin tax was scheduled for the end of February. This first payment would correspond to the taxed period between January 16 - when the new tax comes into force - and the end of the same month. The decision to postpone the settlement implies that the tax will have to be paid in March, paying all taxed transactions between the second half of January and February at once . The same thing happens with the Google rate. The first settlement corresponding to the first quarter of the year was going to take place in April. Finally, the first two quarters of 2021 will be settled in the July settlement. Ametic and Adigital, two of the employers' associations of the digital industry in Spain, maneuvered in mid-December urging the Ministry of Finance to postpone not only the date of the first settlement of the Google tax, but also to postpone the entry completely.