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March 31, 2021

Spanish Tax Authority further delays first reporting and payment of Financial Transaction Tax

The Spanish Financial Transaction Tax (FTT) became effective on 16 January 2021.

In January 2021, the Spanish Tax Authority announced a first deferral of the payment and submission payment to 10 to 20 April 2021.

Further, on 26 March 2021, the Spanish Tax Authorities published an official notice announcing a second deferral of the FTT payment and submission deadline.

In accordance with this announcement, the FTT returns for the period of January to May are to be submitted in the period in which the FTT return of May 2021 must be submitted, that is, 10 to 20 June 2021. Thus, the new deadline for all FTT accrued from January to May is 10 to 20 June 2021.

Since the regulations governing the FTT are still in draft, it is expected that this deferral will be implemented through the final version of said regulations.


For additional information with respect to this Alert, please contact the following:

Ernst & Young Abogados, Madrid

Ernst & Young LLP (United States), Spanish Tax Desk, New York