Daily Tax Report ®

Spain Postpones ‘Google,’ and ‘Tobin’ Taxes, Expansion Reports

Jan. 14, 2021, 6:36 AM

The Budget Minister postpones so-called ‘Google’ and ‘Tobin’ taxes, which were set to come into effect on Saturday, Expansion reports citing unidentified people with knowledge of the matter.

  • Delay due to lack of regulation, platform needed to collect the taxes, newspaper says
  • Delay could be until the summer
  • NOTE: ‘Google tax’ is a digital services tax, ‘Tobin’ is a financial transactions tax
  • NOTE: Oct. 19, Spain Gazettes Laws Implementing Digital Services Tax, Financial Transactions Tax

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