The Spanish government has announced that the Senate definitively approved the laws for the introduction of a digital services tax (DST) and financial transactions tax (FTT) on 7 October 2020, which completes the parliamentary approval process for the two new taxes. Pending publication in the Official Gazette, the new taxes are to apply from 1 January 2021.
The DST will be levied at a rate of 3% on digital services including online advertising, online intermediation services, and the sale …