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V2123-22 ·10 October 2022 ·consulta-vinculante Medium impact
Tax

Share acquisitions for hedging or immediate delivery to clients may be subject to the Financial Transactions Tax

A Swiss investment entity has enquired whether its operations involving the acquisition of Spanish shares for hedging purposes or for clients are subject to the Financial Transactions Tax. The Directorate-General for Taxes (DGT) has ruled that they are subject to the tax, although it examines potential exemptions related to market making and the nature of other operations.

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2022-10-10PublishedPublished in the BOE
Official text Based on BOE data (boe.es). Information, not advice.

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This analysis is informational only and does not constitute legal advice or create a client-adviser relationship. BM Consulting.
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