Update on the Stamp Tax
Article 240 of Law No. 822, the Tax Coordination Law, which was amended by Law No. 987, Law of Reforms and Additions to Law 822, establishes that the Fiscal Stamp Tax (ITF) rate shall be updated annually starting January 1, 2020.
The update of the ITF rate shall be calculated and published by the Ministry of Finance and Public Credit through a ministerial agreement during the first twenty days of December of the year prior to its effective date.
In this regard, on December 18, 2020, Ministerial Agreement No. 013-2020 was published in La Gaceta, Official Gazette. Through this agreement, the Ministry of Finance and Public Credit updated the Fiscal Stamp Tax rates, which took effect on January 1, 2021. As a result of the update, most rates were increased, with the exception of the protocol stamped paper, which retained the same rate.
