On 1 October 2020, the Finance Committee of the Spanish Senate approved the draft bills for a digital services tax (DST) and financial transactions tax (FTT), which will now move forward for a full Senate vote.
As previously reported, the draft bill for the introduction of the DST provides for the tax to be levied at a rate of 3% on digital services including online advertising, online intermediation services, and the sale of user data generated through a digital interface. The DST will b…