Spain – Plan to Increase the IPT Rate From 6% to 8% in 2021

Christophe Bourdaire
October 29, 2020

The Spanish Government presented its Budget Law project for 2021 on 28 October 2020. The project includes a plan to increase the insurance premium tax (IPT) rate from 6% to 8%.  This move would increase the revenue generated by IPT in Spain by one third. The Budget Law project will now be debated and votes cast in the Spanish Parliament in the coming weeks so can still be subject to change.

Sign up for Email Updates

Stay up to date with the latest tax and compliance updates that may impact your business.

Author

Christophe Bourdaire

Senior Regulatory Specialist, Regulatory Analysis. Christophe joined Sovos FiscalReps in 2011 and has been managing the IPT compliance process for a portfolio of captives and French speaking clients. Based in France, he focuses on the development of the global IPT content and technology offering. Christophe completed a degree (certificate) in Journalism at Ecole Nouvelles in Nice, France. He is a native French speaker, and also speaks fluent Spanish.
Share This Post
Share on facebook
Share on twitter
Share on linkedin
Share on email