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V2563-21 ·21 October 2021 ·consulta-vinculante Medium impact
Tax

Form 604 must be submitted by the taxable person, unless through a central securities depository

The inquirer asks whether they must submit Form 604 for the settlement of the Financial Transaction Tax (FTT) after purchasing shares through a Dutch broker. The Directorate General for Taxes (DGT) responds that the broker, as an investment services firm receiving the order, acts as a substitute taxable person for the taxpayer.

In 6 key points

How it affects those involved

This clarification confirms the role of investment firms as substitute taxpayers for FTT purposes, relieving individual investors of the direct obligation to file Form 604 in specific transaction scenarios.

Lifecycle

2021-10-21PublishedPublished 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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