Extension on certain tax returns deadlines

Coronavirus News, Featured News, Fiscal News

Tax measures approved by the government in royal decree law 14/2020, of april 14, which extends the deadline for the submission and payment of certain tax returns

Due to the numerous requests urged on the Government by different associations of tax advisers, business organizations and even from the Tax Agency itself, finally, the Government approved yesterday, April 14, a Royal Decree Law that extends the term to submit and pay the tax returns whose expiration was due from April 1st to April 20th to May 20th, that is, a deferral of 1 month.

However, this extension does not affect everyone, only self-employed and SMEs (micro-businesses) with a 2019 turnover below 600,000 euros will be entitled to postpone the submission of these returns.

Given the fact that this extension has been approved during the voluntary period of submission of the quarterly tax returns, those taxpayers who have already fulfilled their quarterly obligation to domicile the payment (the term to domicile tax payments expires a few days before the statutory deadline), will not receive the charge in their bank accounts until May 20th, and those who would like to domicile the payment will be able to do it by filing the returns before May 15th, 2020.

If the taxpayers are Public Administrations, including Social Security, it will be a necessary requirement that their last approved annual budget does not exceed the amount of 600,000 euros.

Notwithstanding even if the turnover of 2019 had not exceeded 600,000 euros, this extension measure will not be applicable to tax groups that apply the special tax consolidation regime in Corporation Tax, nor to groups of entities that are taxed under the special regime of groups of VAT.

Finally, it is specified that this extension is not applicable in relation to the submission of declarations regulated by Regulation (EU) No. 952/2013 of the European Parliament and of the Council, of October 9, 2013, which approves the Customs code of the Union and / or by its implementing regulations.

 

  • We will be happy to assist you at any of our offices by phone, e-mail or video conference for any of the above mentioned specific matters or any other: CONTACT US
  • To keep up to date with news related to tax, labor and legal issues in relation to COVID-19, follow us on our website (www.uhy-fay.com) and social media (FacebookTwitter and Linkedin).

UHY Fay & Co and Cointegra merge

UHY Fay & Co and Cointegra merge to promote the growth of sustainability services in Spain and position the new brand among the leading firms in sustainability The brand under which these services will be…

Spain is not tax friendly

  The corporate tax in Spain, above the European average, calls into question the competitiveness of our country compared to others that are more attractive from a tax point of view. Spain’s corporate tax rate…

Post-pandemic telework agreement

  With the end of the sanitary containment measures for Covid, as of April 19, the exceptional remote work ends without the need to subscribe the written agreement and comply with the regulations established for…

Spain, a destination for digital nomads

  There are many countries that, after the Pandemic, found out opportunities to attract talent and, consequently, new taxpayers. In this race to attract digital talent, Spain is well placed, among other reasons, because of…
Menu