Tax Updates: September 18th 2024

Consistent with our commitment to provide updated information on current tax issues, we set down below a brief overview of the most important provisions for the new Digital Transaction Duty.

In this edition (Download PDF)

• Clear definition of the scope of the new Duty
• Explicit exemption when other indirect taxes are imposed
• Definition of the persons liable to the Duty and the persons responsible for the filing of the relevant tax return and remittance of the Duty
• Filing of the tax return and remittance of the Duty
• Conditions for the refund of the Duty
• General principles governing the imposition of the Duty
• Abolition of the principle of territoriality
  • Ancillary (Securitization) Agreements
  • and Penalty Clauses
  • Amending Contracts
• Transactions within the scope of the Duty and Rates
• Special provisions for Loans
  • Exceptions
  • Conversion of outstanding loans into new ones
  • Maximum threshold of EUR 150 000
  • No Duty on Loan Interest
  • Duty rates
• Entry into force – Transitional provisions