Spain: Additional information on Spanish Financial Transaction Tax (FTT)
Further to Announcement C21010, Clearstream Banking would like to inform customers that the European Banking Federation (EBF) has published a letter in which they are raising their concerns, that many of the members have also expressed, in relation to the short timeframe for the implementation of the Spanish Financial Transaction Tax (FTT).
Consequently, the EBF have requested the postponement of the deadline for reporting and payment of the Spanish FTT for the period between 16 January and 30 April 2021.
For ensuring full compliance with the Spanish FTT, the deadline of June 2021 has been proposed, during which banks can adjust their internal systems to the new requirements.
For further information, customers may contact the Clearstream Banking Tax Help Desk or Clearstream Banking Client Services or their Relationship Officer.
This Taxflash is intended to provide customers with general information gathered from different sources that are generally believed to be reliable. Clearstream Banking S.A. does not guarantee the accuracy or completeness of the information and does not undertake to keep it up to date. Use of the information made available in this Taxflash is at the customer’s own risk and Clearstream Banking S.A. its subsidiaries and affiliates expressly disclaim any liability for any errors or omissions