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Spain Delays Financial Transaction Tax, Digital Tax Payments

Jan. 14, 2021, 4:35 PM

Spain will postpone until later this year the first payments due on two new taxes aimed at stock sales and big tech companies, a Finance Ministry spokesman confirmed Thursday.

The delay is due in part to the need to approve the accompanying regulatory guidelines for the taxes, the spokesman added, but said the change is also aimed at giving taxpayers more time to adjust to the new taxes. Both taxes will still take effect Jan. 16, but payment dates have been pushed back.

The delay will only affect when the first payments are due, not the total taxable period. Revenue ...

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