Category Taxation in Spain

Spain Sets Lofty Target for Environmental Tax

December 12, 2016 Taxation in Spain

Environmental taxes in SpainMADRID – Spain is hoping a new environmental tax will help bring in half a billion Euro to help reduce the national deficit.

Spain has released its revised budget plan for 2017, which included several new taxes aimed at lower the budget deficit enough to meet the goals set out for it by the European Commission.

In the budget plan it was stated that the government would reform the current system of environmental taxes, with a particular aim at reducing the country’s output of greenhouse gases.

While the plan did not set out exactly how the tax system would be reformed to achieve the government’s goal, it was stated that the changes are expected to bring in approximately EUR 500 million in extra tax revenues.

Spain is hoping to bring in an extra EUR 7...

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Spain to Tax Bitcoin Mining

September 28, 2016 Taxation in Spain

Tax on bitcoinMADRID – Bitcoin miners in Spain could soon pay a tax of as much as 47 percent, as the national government recognizes the potential profitability of the activity.

A recent notice issued by the National Directorate of Tax of Spain indicated that the minim Bitcoins and other cryptocurrencies will soon be a taxable activity.

Bitcoins and other cryptocurrencies are created through a process called mining where custom-built computers are used to solve complicated mathematical problems in order to obtain the cryptocurrencies.

Previously mining has not been a taxed activity, despite the fact that the result is the creation of a valuable asset.

The National Directorate of tax indicated that they have taken the view that mining is an economic activity.

It has not yet been indicated how mining w...

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Spain To Enact “Sun Tax”

October 10, 2015 Taxation in Spain

MADRID – The solar energy industry in Spain is about to take a significant hit, as the government sets forward to implement new taxes on solar generation facilities.

On October 9th the government of Spain announced that in the near future a new set of tax rules will be implemented regarding solar energy generation and installation.

While the full set of official is yet to be announced, it has been indicated that separate tax regulations will be implemented based on the potential production capacity of the installation, with different tiers for panels producing less than 10kW, those producing between 10kW and 100kW, and large-scale installations with potential capacity of 100kW.

Within six months, systems with potential generation of 10kW will not face any charge on the amount of power th...

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Spain’s Google Tax Proves Unsuccessful

July 31, 2015 Taxation in Spain

BARCELONA – Spain’s Google tax has suffered a spectacular failure, leading to losses of readers and profits.

The “Google Tax” enacted in Spain in 2014 has had a significant negative impact on publishers in the country, according to the result of a new study commissioned by the Spanish Association of Publishers of Periodical Publications.

The tax is charged on website which aggregate news stories, such as Google News.

As a result of the tax, many news aggregator sites ceased operations in the country entirely.

According to the results of the study, news websites in Spain saw a significant decrease in traffic over the first three month of the year as a result of the closure of the news aggregator sites, with a disproportionately high portion of the reduction being felt by smaller publi...

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Spain Proceeds with Google Tax

October 31, 2014 Taxation in Spain

MADRID – On October 30th the Congress of Spain voted on and approved several legislative reforms paving the way for the introduction of the country’s heavily debated “Google Tax”.

Under the conditions of the Google Tax, any aggregation service, such as search engine, may be charged by a publisher, news outlet or content holder for using any exert from their published content.

According to some technical and taxation experts, the conditions of the new system will require large search engines, such as Google, to pay Spanish publishers for linking to their content, as links are normally accompanied by a small exert of the content in question.

The new rules will come into effect on January 1st 2015.

Many technical experts have pointed out that similar taxes have been implemented across ...

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