Spanish Government approves digital tax service bill
The Spanish government has approved a bill for a digital service tax for discussion by the parliament.
The tax rate applied would be 3% of gross revenues from digital services. The bill for a digital service tax proposes taxing the revenues of large web companies, such as Google, Amazon and Facebook, obtained through publicity from advertising and the sale of data and intermediary services. The tax would be imposed on companies with digital sales of at least 750 million euros (810 million U.S. dollars) internationally and at least three million euros in Spain.
The Spanish government has a majority consensus on the new tax which will be sent to the parliament for approval.
However, the Spanish budget minister, María Jesús Montero, said “the tax would not be implemented until December, to allow the Organisation for Economic Cooperation and Development (OECD) to reach an agreement on a separate, global tech tax.