In the Official Spanish Bulletin of March 13, 2020, Royal Decree-Law 7\/2020, \u00a0published March 12, a series of urgent measures to respond to the economic impact of COVID-19 have been adopted.<\/p>\n
The Royal Decree-Law includes measures to strengthen the health sector, protect the well-being of families and support affected companies, particularly in the tourism sector and SMEs.<\/p>\n
As regards to taxation, the measure adopted is to make tax payment deferrals more flexible for a period of 6 months, upon request, with a discount on interest rates.<\/strong><\/p>\n As it is known, the deferrals of tax payment are regulated in article 65 of the General Tax Law. In accordance with the provisions of said article \u201cTax debts that are in a voluntary or executive period may be deferred or fractionated in accordance to the regulation, upon request of the taxpayer, when their economic-financial situation temporarily prevents the taxpayer from paying the debt in the established terms\u201d.<\/p>\n Article 14 of the Royal Decree-law grants the possibility of deferring the payments deriving from the declarations-settlements and self-assessments which submission and payment deadline is due from March 13, 2020 (when Royal Decree-Law comes into force) until May 30, 2020, provided that the requests filed is under 30,000 euros.<\/strong><\/p>\n The deferral\u00a0also applies to tax debts<\/strong> which currently cannot be deferred in accordance with article 65. 2 of the General Tax Law:<\/p>\n \u00b7 Those corresponding to withholding taxes and payments on accounts.<\/p>\n \u00b7 Those corresponding to taxes that must be legally recharged (for example VAT).<\/p>\n \u00b7 Those corresponding to corporate income tax payments on accounts.<\/p>\n Necessary requirement to apply:\u00a0<\/strong>The taxpayer must have a turnover below 6,010,121.04\u20ac in 2019.<\/p>\n Deferral conditions<\/strong>: a term of\u00a06 months with no delay interest during the \u00a0first 3 months of the deferral.<\/p>\n <\/p>\n In the Official Spanish Bulletin of March 13, 2020, Royal Decree-Law 7\/2020, \u00a0published March 12, a series of urgent measures to respond to the economic impact of COVID-19 have been adopted. The Royal Decree-Law includes measures to strengthen the health sector, protect the well-being of families and support affected companies, particularly in the tourism sector…<\/p>\n","protected":false},"author":4,"featured_media":8593,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"inline_featured_image":false,"footnotes":""},"categories":[50],"tags":[],"class_list":["post-10790","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-fiscal-news"],"yoast_head":"\n\n
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