New Monthly Stamp Duty Declaration only effective 2021 onwards

In view of the difficulties that still exist in the establishment of the new Monthly Stamp Duty Declaration and given the current constraints resulting from Covid-19 that affect both the Tax Authority and the companies, the Secretary of State for Tax Affairs issued a ruling in which it was determined that this new tax obligation shall only enter into force as of January 2021.

Therefore, the tax assessment and payment of the stamp duty in 2020 shall be carried out in accordance with the rules that have been applied until December 2019.

As regards the months of January, February and March of this year, the assessment and payment of the stamp duty due may be done until April 20.

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[Photo: Christin Hume, available at:]