Tax Alert – Spain – Confirmation of IPT Increase to 8.00% From 2021

Following up on our previous release regarding Spanish IPT, our Spanish agent has confirmed that the General Budget Law 2021 has been ratified.

We can now confirm that the standard IPT rate for 2021 will increase from 6.00% to 8.00%.

We will be publishing legislation as soon as it is available.

As always, if you have any questions or comments please do not hesitate to get in touch with a member of the team at info@impendulo.com