Term extension for submission and payment of tax declarations. Royal Decree Law 14_2020

Dear clients,

Today, 15th April 2020, the Royal Decree – Law 14/2020, of 14th April, has been published in the Official Spanish Gazette.

In accordance with this law, the term for the submission and payment of certain tax declarations and self-settlements at the Spanish Tax Administration will be extended to 20th May 2020, i.e. all declarations and self-settlements whose expiration occurs between 15th April 2020 and 20th May 2020.

In this sense, the term for the submission and payment of the tax declarations and self-settlements will be extended for those taxpayers whose volume of operations as at 31st December 2019 is less than 600.000 euros for VAT purposes. If the taxpayers do not have any obligations regarding VAT, they will have them regarding the Net Value of Turnover of the Corporate Income Tax or regarding the Personal Income Tax, if applicable.

In these cases, the direct debit can be arranged until 15th May 2020 and the account will be charged on 20th May 2020.

Concerning the direct debit of those declarations and self-settlements that were submitted before 15th April 2020, the corresponding amount will also be charged into the bank account on 20th May 2020.

The term extension shall not be applicable in the following cases:

  • For corporate groups that are taxed under the Special Consolidated Tax Regime for the purpose of the Corporate Income Tax.
  • For entities that are taxed under the Company Group Regime for Vat purposes.
  • Submission of declarations that are regulated by the Community customs legislation.

From the firm Cabrera Rodríguez, we are carrying out a comprehensive and detailed application of these new regulations in order to comply with the tax obligations of each and every single one of our clients.

We remain at your entire disposition for any clarification or information needed.

Kindest Regards.

CABRERA RODRIGUEZ LAWYERS AND TAX ADVISERS

Partner of ETL GLOBAL