This Friday, October 16, the Tax on Certain philippines phone number Digital Services and the Tax on Financial Transactions were published in the Official State Gazette (BOE) . These rates, known as the “Google rate” and “Tobin rate” , will take effect in three months, that is, in mid-January 2021 . The Government plans to enter 850 million euros per year with the so-called “Tobin tax “philippines phone number by taxing with 0.2% the operations of acquisition of shares issued in Spain of listed companies with a capitalization above 1,000 million euros , according to expansion . The purchase of shares of SMEs and unlisted companies will not philippines phone number be taxed.
The “Google rate” , for its part, will affect philippines phone number online advertising services, online intermediation services and the sale of data generated from information provided by the user during their activity or the sale of metadata. This tax will be levied on companies with total annual philippines phone number income of at least 750 million euros and income in Spain that exceeds 3 million euros. The rule will have a “transitory nature” until a global or European regulation is approved, according to the Minister of philippines phone number Finance.
The collection foreseen by the Government for philippines phone number this rate reaches 968 million euros , 20% less than originally planned (1,200 million euros), as announced by the Treasury last February. At that time and on the decrease in income sale leads from the Google tax , María Jesús philippines phone number Montero, Minister of Finance, made reference to the slowdown in the economy and the evolution of the tax in other countries. According to philippines phone number María Jesús Montero, the regulation will have a
