Announcement
Spain: Possible decrease of standard withholding tax rate
Tax | Spain
Reference
Code
T15031
Service level
CBL
Last Updated
10.07.2015
The Spanish Government announced this week that they would approve a tax reduction in Spain this weekend. This includes a decrease in the withholding tax (WHT) to be applied to interest or dividends distributed by Spanish companies.
The Spanish Banking Association (AEB) has announced that it is highly probable that the Spanish Government will approve, tomorrow, the decrease of the Spanish WHT from 20% to 19.5%. The new Spanish WHT is expected to apply from Monday 13 July 2015.
As soon as the provisions become official and are published, we will inform customers accordingly.
| 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 reflected herein. The information in this Taxflash does not constitute legal or tax advice. |