The Google rate It could be ready before the new general State budgets are approved, however, it will not be settled until the end of the year, as defended by the Minister Nadia Calviño in Brussels, after having negotiated it with the US.
“This is not a suspension of the tax, but simply a settlement at the end of the year”, affirmed this monday Vice President Nadia Calviño.
The Tax on Certain Digital Services, popularly known as the Google rate, will seek to apply a tax on 3% of the income generated for online advertising or intermediation services, or sale of data collected from users.
The new tax would affect companies that bill more than 750 million euros globally and generate income in Spain of more than 3 million. Government he estimates that he would earn about 1,200 million a year, useful for balancing the accounts against the growth of spending.