Tax Alert – Spain – Proposed Increase to IPT From 2021
We can confirm that the Spanish General State Budget for 2021 includes a proposed increase to the standard IPT rate from 1 January 2021, from 6.00% to 8.00%.
It is important to note at this point that this is merely a proposal and has not yet been ratified. It must be approved before 1 January 2021, or it will not be valid. We will be monitoring the situation and will keep our clients up to date.
As always, if you have any questions or comments please do not hesitate to get in touch with a member of the team at email@example.com