Google increased charge implemented before G20: Google rates will continue to move forward in Spain without waiting for the G20 resolution:

• Economy and finance ministers from the main countries of the world met this week to boost digital services taxation.
• In this case, Spain has said it will continue with the Google rate without waiting for the G20 resolution, but if there is a post-pact, it will adapt online with the others, as El Confidencial confirmed.
• This will help finance part of the increase in public spending and reduce the deficit, as it expects to raise 1,200 million euros.
• And there are countries that delay the final settlement because they currently benefit from the technology taxation system.

Spain will continue with Google's rate without waiting for the G20 resolution, as El Confidencial published.

Economy and finance ministers from the main countries of the world met this week to promote this digital services tax in response to the requirements of the United Kingdom, France and Spain.

Google increased charge implemented before G20

These political leaders agreed at the summit that they will have a final report by 2020, so that appropriate measures can be taken throughout the year. However, executive Pedro Sánchez has indicated that although this progress is important, it will run a roadmap for the availability of the Google rate by the beginning of 2020. The reason for this decision is that it serves a portion of the spending growth and reduce the deficit, as it is estimated that they will raise 1,200 million euros.

This fee - officially called the Fees for Certain Digital Services (IDSD) - will be applied to all companies with annual revenues of 750 million and their turnover in Spain is more than 3 million.

In this way, it will charge 3% for online advertising services, online brokerage services and the sale of user-generated data (scheduling). In case of non-compliance, penalties of up to 0.5% of the net value of the turnover for the previous calendar year are provided.
Not everyone hurries, because they will be hurt

The government is aware of the fact that there are countries that "boycott" the rapid incorporation of the Google Rates because they currently benefit from the technology companies' tax system.

This is why he wants to initiate this tax without waiting for a global agreement. Thus, he stressed that if there is an a posteriori pact, he will adapt in accordance with the others.

But Spain was not the only one who decided to take this alternative path. The United Kingdom and France have indicated that they will follow the same line as Spain.