Avoid Costly Penalties For Late or Non-Filed Tax Returns.

Learn about the penalties for late or non-filed tax returns in Spain. Understand the surcharges and fines to avoid costly mistakes. File on time with Rosenov & Quintero's help.

With the deadline for filing Personal Income Tax returns approaching (until 1 July 2024 for the 2023 tax year), many people wonder what happens if they file late or not at all. Here’s a simple breakdown of the penalties for late or non-filed tax returns based on various situations:

If Your Tax Return Shows No Amount Due or a Refund:

Voluntary Late Filing: If you file late without being prompted by the Tax Administration, you’ll face a penalty of €100.

Notified Late Filing: If you file late after receiving a notification from the Tax Authorities, the penalty increases to €200. This can be reduced to €120 if you accept the penalty and do not appeal.

If Your Tax Return Shows an Amount Due:

Voluntary Late Filing: You will receive a notification requiring you to pay a surcharge based on how late you file:

  – Up to 1 month late: 1% of the amount due

  – 1 to 2 months late: 2%

  – 2 to 3 months late: 3%

  – 3 to 4 months late: 4%

  – 4 to 5 months late: 5%

  – 5 to 6 months late: 6%

  – 6 to 7 months late: 7%

  – 7 to 8 months late: 8%

  – 8 to 9 months late: 9%

  – 9 to 10 months late: 10%

  – 10 to 11 months late: 11%

  – 11 to 12 months late: 12%

  – Over 12 months late: 15% + interest for late payment

  These surcharges can be reduced by 25% if you pay within the deadlines specified in the notification.

Notified by Tax Administration First: If the tax authorities notify you first about the late filing, the penalty will be much higher, ranging from 50% to 150% of the amount due, depending on the severity of the infringement:

  – Slight Infringement: 50% penalty if the amount is up to €3,000 or if there’s no concealment.

  – Serious Infringement: 50% to 100% penalty if the amount exceeds €3,000 and there is concealment.

  – Very Serious Infringement: 100% to 150% penalty if fraudulent means are used.

Important Details:

– Even if you file your return correctly but after the deadline, you could face penalties.

– Filing with incomplete, incorrect, or false information will lead to even higher penalties.

– The statute of limitations for tax matters is four years from the due date or the date the return is filed. For the 2023 tax return due by 1 July 2024, the tax authorities can claim payment and penalties until 1 July 2028.

Filing your tax return on time is crucial to avoid these penalties. If you need help with your tax return, the Rosenov & Quintero Accountants team is here to assist you

contact us today

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penalties for late or non-filed tax returns
penalties for late or non-filed tax returns

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