Spain new securities tax measures passed by the government

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The lower house of parliament in Spain approved Bill No. A-114-9, which seeks to introduce a set of tax measures targeting securities. Among the provisions of the bill are:

  1. exemption of VAT and transfer tax for qualifying securities transfers;
  2. imposition of taxation on securities transfers carried out to evade real estate transfer tax;
  3. establishment of criteria to determine eligibility for the exemption from VAT and transfer tax;
  4. requirements for companies that issue securities and financial intermediaries to provide information regarding securities issuances, subscriptions, and transfers.
  5. guidelines for calculating the tax base and rate for taxable securities transactions.


Additionally, the bill allows for the option of saving the securities for later transactions.


Disclaimer: Reproduced/Adapted with permission from Global VAT Compliance. 

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