Tax: Spain Likely to Implement Digital Services Tax of 3% on Tech Firms
In 2018, Spanish political parties PESOE and Unidas Podemos proposed a budget which included plans to introduce a Digital Services Tax in Spain. The implementation of this tax would mean that major tech companies would pay a 3% tax on their revenue, and the tax...
VAT: Spanish Canary Islands to Increase VAT rate to 7%
At the start of 2019, the Canary Island government reduced the IGIC (the consumer tax used in the Canary Islands) from 7% to 6.5%. The Canary Islands government has now proposed in its 2020 budget that it will reverse the lowering of this VAT rate, and from 1 January...
