The Government expects to enter a total of 2.1 billion euros until 2019 for the well-known Google rate. will tax some electronic transactions.
This new tax is not yet specified or has an application date. In principle, it would apply to certain digital services and tax electronic transactions of large companies of this sector (Apple, Amazon, Google, Facebook …).
Companies take advantage of the disparity between fiscal regimes to pay less taxes. Therefore, some of these large technological corporations pay in countries with fiscal regimes , which entails a benefit compared to national companies. Likewise, some of these countries with low taxation are part of the European Union, such as Ireland, Luxembourg and to a lesser extent Belgium or Netherlands.
The great technological multinationals take advantage of legal cracks to pay less tax rates in relation to other companies. Because of this, from Brussels you are looking for formulas so that these large companies pay more taxes.
In this sense, digital businesses usually pay a tax rate around 9.5% in the European Union. On the contrary, conventional companies pay around 23.2%.
In Verum Management we will inform you of everything related to new legislation in relation to the electronic services of large technological companies.