Spain – tax measures in response to COVID-19

The Spanish Tax Authority published the following statement:

EXTENSION OF DEADLINES IN TAX PROCEDURES

Deadlines in tax procedures will be extended by means of an imminent legislative change. Do not worry if you have pending proceedings. Up to the moment such legislative change is approved the Tax Agency is fully conscious about the situation and will not consider the deadline missed. All visits can be postponed, we will call you to communicate a new date for your visit.”  

Click here for more information on this topic.

AUTOMATIC TAX DEFERRALS

Provisional instructions to be followed in order to apply for a tax deferral in accordance with the Royal Law-Decree 7/2020, of 12 March, just for SMEs and professionals are now available in the STA’s webpage.

A deferral for tax payment will be automatically granted to all those tax returns (including VAT returns) with a deadline between 13 March 2020 and 30 May 2020, both inclusive, for tax debts up to 30.000 EUR.

As a mandatory requirement tax debtors cannot exceed 6 Mio turnover during the precedent year, i.e. 2019.

Deferrals will be subject to the following conditions:

  • Term for deferral will be 6 months (e.g. February VAT return to be filed by next 30 March 2020 will be deferred until next 30 September 2020)
  • No delay interest will be due for the first three months

Deferrals must be applied for at the same time the tax return is filed be following detailed instructions published by the STA in their webpage. Up to now, only Spanish version of instructions available.

Click here for more information on this topic.

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