The Spanish Tax Agency has issued a release announcing an additional deferral of the initial deadline for the new Financial Transactions Tax (FTT) in order to give taxpayers more time to adapt and implement required changes to comply with the newly created tax, which entered into force on 16 January 2021. The settlement period for the FTT is monthly, and the standard filing period is from the 10th to the 20th of the following month. For the first four months of 2021 (January, February, March, and April), it is provided that the initial self-assessment return and payment corresponding to these months will be due by the deadline for the month of May 2021 (from 10 to 20 June 2021). Therefore, the first self-assessments of the tax will not be submitted until 10 June 2021. Previously, the first self-assessments of the tax had been deferred to 10 April 2021.