Regulatory Alerts2021-05-26
Royal Decree 366/2021 developing the procedure for filing and paying Self-Assessments of the Financial Transactions Tax and amending other tax rules
The Spanish Ministry of Finance issued Royal Decree 366/2021 to establish the mandatory or optional procedures for filing and paying the Financial Transactions Tax (ITF) through central securities depositories or directly by taxpayers. The decree mandates that depositories submit self-assessments on behalf of taxpayers for transactions recorded in Spanish systems, while allowing optional use for other cases to prevent fragmentation of filings. Additionally, the regulation amends VAT and general tax procedure rules to facilitate compliance with information obligations and introduces transitional measures for the initial implementation period.
Share