This post is also available in: Español
The submission period for 2017 tax returns started on April 4. This year, there are new developments, mainly related to tax management. Below, we summarize some of the main new developments and those to which you must pay particular attention to correctly carry out a self-assessment income tax return.
When is the submission period?
From April 4 to July 2. However, if the result of the self-assessment is payment and you want to set up a direct debit, the deadline is June 27.
How can I carry out my tax return?
You must carry out the tax return online. The Spanish Tax Agency (“AEAT”) provides the tool “Renta Web” (access via this link) that you can use to complete and submit the tax return.
The main new development this year is the possibility to check tax data using an application for mobile devices. Apple and Android users can now download one of AEAT’s apps, named “Agencia Tributaria” and “Cl@ve PIN.” These apps are free and can be downloaded from the official AppleStore and GooglePlay stores.
Also, individuals with straightforward tax returns will be able to confirm and submit their draft tax return directly using the apps. Click this link to learn about the apps’ different functionalities.
AEAT has also implemented a program entitled “Le Llamamos” (We will call you) to give personalized assistance, for example, to taxpayers with earnings (i) under €65,000 if this is income earned from work, and (ii) of €15,000 in the case of capital gains. You can request this service online or by calling the following telephone numbers: 901 12 12 24 – 91 535 73 26 (automatic service) or 901 22 33 44 – 91 553 00 71 (customer service). For more details about this program, click this link.
From May 10 until July 2, 2018, AEAT also offers the possibility for taxpayers to come to AEAT’s offices in person to get help with their tax return. To do this, book a scheduled appointment online, using the “Agencia Tributaria” app or by calling 901 22 33 44 or 91 553 00 71 (Monday to Friday, from 9 a.m. to 7 p.m.). The scheduled appointment must take place between May 8 and June 29.
However, AEAT cannot provide the same personalized service in a scheduled appointment as it would through the “Le Llamamos” program.
What is the tax return draft?
To help taxpayers to complete their tax returns, AEAT provides some taxpayers with information about the earnings received over the year. AEAT no longer sends draft tax returns by mail. This information, also known as tax data or ”borrador de la renta” (income tax draft) includes the earnings of which AEAT is aware. The tax data does not include all earnings received over the year by each taxpayer, meaning that taxpayers must include their worldwide income in the tax returns.
How can I access my tax data?
Click the “Consulte sus datos fiscales” (View tax data) option that appears in this link.
Which earnings should I include?
Personal income taxpayers must pay tax on their worldwide income, i.e., earnings received over the year in Spain and abroad. Some of this year’s new developments are as follows:
Banco Santander loyalty bonds that the former shareholders affected by Banco Popular’s winding up received as compensation for waiving the right to take legal action will be considered capital gains. In most cases, these gains are compensated by the capital loss caused by the depreciation of shares, and could lead to an excessive negative balance to be compensated for in following years.
Individuals affected by the “floor clauses” in mortgages must not include any refunded amounts arising from agreements with financial institutions, court judgments or arbitration awards in their taxable base. They also must not include in their taxable base the compensatory interest received in relation to the concept mentioned above. However, if the interest was part of the deduction for investment in a regular dwelling, these deductions must be adjusted.
Company training plans financed directly or indirectly by the companies and orientated at training workers or updating and recycling their knowledge will not be considered payment in kind for those receiving the training, even when other specialized persons or entities provide the training.
Am I exempt from carrying out a tax return?
Taxpayers whose employment earnings are €22,000 or less per year from one employer and taxpayers whose employment earnings are €12,000 from more than one employer are exempt from submitting a tax return.
Other frequently asked questions?
Click this link to access AEAT’s list of frequently asked questions.
Authors: Beatriz Millán and Diego Ramírez
This post is also available in: Español