Tax measures included in the General State Budget Law for 2021

Law 11/2020, of December 30, on the General State Budget for 2021 (hereinafter, the “LPGE”), was published in the Official State Gazette (BOE) of December 31, 2020.

The purpose of this Briefing Note is to set out the main tax measures established by the LPGE, which, as a general rule, entered into force on January 1, 2021, for an indefinite period. At this LINK you can access the document in which we describe the main tax measures contained in the aforementioned legislation:

1. Personal Income Tax (IRPF)
2. Corporate Income Tax (IS)
3. Non-Resident Income Tax (IRNR)
4. Wealth Tax (IP)
5. Value Added Tax (VAT, IVA)
6. Excise Duties (Impuestos Especiales)
7. Business Activities Tax (IAE)
8. Transfer Tax and Stamp Duty (ITP-AJD)
9. Insurance Premium Tax (Impuesto sobre las Primas de Seguros)
10. Fees (tasas)
11. Incentives for charitable giving (mecenazgo)
12. Late-payment interest and statutory interest rate (interés legal del dinero)
13. Public Multiple-Effects Income Indicator (IPREM)