FTT timeline for adoption

In the past 18 months a number of countries have either introduced or announced an intention to introduce domestic FTTs at a local country level. In addition, a proposal to introduce a FTT in a subset of the European Union (“EU”) has been approved.

Click through our interactive timeline below and download PwC's Global Tax alerts for a deeper understanding of what these changes mean to you.

 
2012 2013 2014 2015 2016
 
 
 
 
 
 
 
 
 

1 August 2012

French FTT comes into force.

French financial transaction tax on equity securities
Latest developments and practical implications for the market

Download PDF

Start a conversation

Kenneth Shives Partner (Tax)

Scott Evoy Partner (Adv)

Charles De Maleville Partner (Adv)

Maud Poncelet Director (Tax)

Alexandre Wodociag Senior Manager (Adv)

January 1

Hungarian FTT comes into force.

Tax and legal alert on the impact of Hungarian FTT.

Download PDF

Start a conversation

Janos Kelemen Partner (Tax)

Tamas Locsei Partner (Tax)

January 1

Ukranian FTT comes into effect

Special tax on transactions with Securities

Download PDF

Start a conversation

Vadim Belik Partner (Tax)

Ron Barden Senior Manager (Tax)

January 22, 2013

ECP vote passed for EU FTT

Green light for EU Financial Transaction Tax

The ECOFIN Council (EU Finance Ministers) adopted a decision by qualified majority authorising 11 of the 27 EU Member States to proceed with the introduction of a harmonised EU FTT through Enhanced Cooperation in their countries.

Download Global FS Tax Newsflash

Start a conversation

Scott Evoy Partner (Adv)

Michelle Lee Partner (Tax)

Simon Leach Partner (Tax)

February 14, 2013

Revised draft EU FTT Directive released

EU Commission adopts its new proposal for an EU Financial Transaction Tax

The draft Directive continues to have a very broad scope and will impact both EU and non-EU financial institutions.

Download PDF

Start a conversation

Scott Evoy Partner (Adv)

Michelle Lee Partner (Tax)

Simon Leach Partner (Tax)

March 1, 2013

Italian FTT on equities comes into force.
Financial transaction taxes: the Italian FTT takes Shape

In overview, the amendment contains a number of changes to the original draft law, some of which (in particular the later start date) will be very much welcomed by financial services institutions.

Download Global FS Tax Newsflash
Download Italian FTT: Latest developments
Download Global FS Tax Newsflash

Start a conversation

Marco Vozzi Director (Tax)

Michele Gusmeroli Senior Manager (Tax)

Davide Rotondo Senior Manager (Adv)

Alfonso Vaiana Manager (Tax)

Andrea Baciarello Manager (Adv)

June 1, 2013

EU FTT – Will the Commission’s proposal survive?

Download Global FS Tax Newsflash

Start a conversation

Scott Evoy Partner (Adv)

Michelle Lee Partner (Tax)

Simon Leach Partner (Tax)

July 1, 2013

Italian FTT- the ‘second’ draft Decree – do we have all the answers?

The Decree provides further guidance on the scope of the Italian FTT, the computational basis and the practicalities as to who will be responsible for collecting the tax and reporting to the Italian tax authorities.

Download Global FS Tax Newsflash

Start a conversation

Marco Vozzi Director (Tax)

Michele Gusmeroli Senior Manager (Tax)

Davide Rotondo Senior Manager (Adv)

Alfonso Vaiana Manager (Tax)

Andrea Baciarello Manager (Adv)

2013 - 2016

Spanish Financial Transaction Tax proposed

Spanish authorities have tabled proposals for a Spanish Financial Transacion Tax (FTT) that, on the surface, resembles the French FTT model. Meanwhile, discussions about an European Union FTT continue at an EU level.

Download PDF

Start a conversation

Miguel Blasco Partner (Tax)

Ruben Chaparro Ortiz Director (Tax)

Luis Manuel Saiz Gutierrez Senior Manager (Adv)

January 1, 2016

Possible start date for the EU FTT

Ongoing speculation and discussions between Member States around the shape of the proposed EU FTT

Download PDF

Download PDF

Download PDF

Start a conversation

Scott Evoy Partner

Michelle Lee Partner

Simon Leach Partner (Tax)