The Spanish government has approved its Digital Services Bill, which will apply a 3% tax on revenue related to digital advertising, social networking, online market places and the use of data collected in respect of these online services.
Spain’s proposed budget for 2019 was rejected by Spanish Parliament.
Spain has announced anti-avoidance legislation that will introduce a minimum tax regime. Under this regime, most companies will be subject to minimum effective tax rates of between 10% - 18% depending on the size of the company and its activities.
The Spanish government have published their 2019 budget in which they have proposed that the participation exemption for dividends received by Spanish companies be reduce to 95%.
Minimum tax rates of 15 percent and (for companies paying the higher rate) 18 percent have been proposed for companies and consolidated groups with a turnover of at least 20m euros. In addition, the participation exemption (relief) for group dividends and capital gains will be reduced from 100 percent to 95 percent of the amount received.
The Spanish Tax Agency approved new forms and due dates for corporate and nonresident taxpayers
Three bills containing most of the measures of the tax reform that was announced in June were submitted to Parliament on August 1, 2014
Plans to create employment and boost economic growth on a number of tax measures are announced
New rules in effect July 1 2013
Eliminates many administrative burdens faced by new businesses and promotes new incentives