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Modelo 604: Financial Transaction Tax (Tasa Tobin)

Modelo 604: Financial Transaction Tax (Tasa Tobin) is filed with Agencia Tributaria. With Managora you do it 100% online: you answer a few questions, sign a digital mandato (power of representation) and we draft, sign and file your application for you. Estimated total cost: from €49.

Monthly self-assessment of the ITF (Financial Transaction Tax, Ley 5/2020): a rate of 0,20 % on the acquisition for consideration of shares in listed Spanish companies with a market capitalisation of over 1.000 M € at the start of the year. The taxpayer is the financial intermediary (broker, bank or ESI, a Spanish investment services firm). Filing window: days 10-20 of the following month. We check the exemptions under art. 3 (primary market, intra-group, market making and others).

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Estimated total cost
from €49
Managora's fee
€59.29 (21% VAT incl.)
Tasa (official government fee)
No tasa payable
Processing time
Days 10-20 of the month following the chargeable event (Orden HAC/510/2021).
Where it is filed
Agencia Tributaria ↗
What you receive
Application

Cost breakdown: Our fee 49 €, with no tasa (official fee). On top of that, the ITF resulting from your self-assessment (0,20 % of the value of the taxable share acquisitions, so it varies)..

Modelo 604: Financial Transaction Tax (Tasa Tobin): how is it filed?

  1. 1Answer the questions in the chat (about 10 minutes).
  2. 2We check the exemptions under art. 3 Ley 5/2020 and that 0,20 % × the taxable base reconciles.
  3. 3Payment of 49 €.
  4. 4Sign the mandato (mandate) from your phone.
  5. 5We file the Modelo 604 online with the AEAT (Spanish Tax Agency), together with the XML file.

Which documents do you need?

  • •Technical XML file with a transaction-by-transaction breakdown (Annex to Orden HAC/510/2021).
  • •Auxiliary transaction register (Regulation RD 366/2021).
  • •Evidence supporting the exemptions applied.

Legal basis and things to bear in mind

  • Legal framework: Ley 5/2020 + RD 366/2021 + Orden HAC/510/2021.
  • The taxpayer is the intermediary that executes the transaction, NOT the investor.
  • It applies to shares in listed Spanish companies with a market capitalisation of over 1.000 M€.
  • Exemptions under art. 3: primary market, intra-group transactions, market making, public offerings (OPVs), mergers and REPOs.

Modelo 604: Financial Transaction Tax (Tasa Tobin): frequently asked questions

Modelo 604: Financial Transaction Tax (Tasa Tobin): how much does it cost?

The estimated total cost (our fee + official tasas and taxes) is from €49: Our fee 49 €, with no tasa (official fee). On top of that, the ITF resulting from your self-assessment (0,20 % of the value of the taxable share acquisitions, so it varies).. Managora's fee is €59.29, 21% VAT included (€49.00 net + €10.29 VAT). This procedure carries no official tasa.

Modelo 604: Financial Transaction Tax (Tasa Tobin): how long does it take?

Days 10-20 of the month following the chargeable event (Orden HAC/510/2021).

Modelo 604: Financial Transaction Tax (Tasa Tobin): which documents do I need?

You need to have to hand: Technical XML file with a transaction-by-transaction breakdown (Annex to Orden HAC/510/2021)., Auxiliary transaction register (Regulation RD 366/2021)., Evidence supporting the exemptions applied.. You do not upload them here: we collect the details through the guided chat.

Who files the procedure?

Managora files it in your name with Agencia Tributaria. You only provide the details through the chat and sign a mandato (power of representation); we prepare, sign and register it.

Can it be done online?

Yes. The whole process is online: you answer a few questions in the guided chat, sign a simple mandato on screen and receive the receipt and the official documents by email, with full legal validity.

Related procedures

Based on the legislation in force and on the official site of the competent authority: Agencia Tributaria ↗.

Shall we get started with «Modelo 604: Financial Transaction Tax (Tasa Tobin)»?

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