Spain: Financial Transaction Tax (FTT) – New developments for Basque Country and Navarra – Update


Note: This Announcement, originally published on 4 May 2023, has been updated to provide clients with the new implementation date of the change. Changes have been highlighted.

Clearstream Banking1 informs clients that the FTT is now incorporated in the Autonomous Community of the Basque Country and Navarra and that effective as from

1 January 2024

Taxable persons shall pay the FTT to the tax offices of the provincial councils (Vizcaya, Alava, Gipuzkoa and Navarra) and to the tax office of the common territory in proportion of the volume of transactions carried out in each territory during the tax settlement period, regardless of their tax domicile.

Impact on clients

The field 67 "IT1DNIFEMI" of the ITF001 format will become mandatory. 

Further information regarding the reporting template and reporting timeline under the new process will be published as soon as available. 

The current template available on the Clearstream website under Spain: Financial Transaction Tax (FTT) is effective until further notice.

Further information

For further information, please contact the Clearstream Banking Tax Help Desk, Clearstream Banking Client Service, or your Relationship Officer.


1. Clearstream Banking refers collectively to Clearstream Banking S.A., registered office at 42, avenue John F. Kennedy, L-1855 Luxembourg, and registered with the Luxembourg Trade and Companies Register under number B-9248, and Clearstream Banking AG, registered office at 61, Mergenthalerallee, 65760 Eschborn, Germany and registered in Register B of the Amtsgericht Frankfurt am Main, Germany under number HRB 7500.