This taxation will be imposed in all kind of savings products from capital gains to bank deposits, savings accounts, insurances and dividends.
The present 18% tax will be increased to:
- 19% for the first 6.000 euros
- 21% for the rest.
It seems that the retention will be maintained at the 3%.
This measure will allow the Government to collect 800 million Euros as per their calculations.
Reform approved by the Council of Ministers on the 26th September 2009 and attached to the Law Proposition of the Presupuestos Generales del Estado for 2010.
Final approval of Law of annual Budget by the Government for 2010 by Law 26/2009 of 24th December 2009”