By means of Royal Decree-Law 14/2020, published today, April 15, 2020, the extension of the term to present tax declarations and self-assessments has been agreed. The measure had been announced for days but today we know exactly its scope that we will detail.
What taxes are affected by the COVID postponement?
It affects, among others, VAT, personal income tax and advance payments of corporate income tax.
Who can benefit from the measure?
- Companies and freelancers that during 2019 have had a volume of operations of less than €600,000.00.
- The measure is not valid for groups that apply the tax consolidation regime or for groups of entities for the purposes of the VAT Law. It is also not valid for the presentation of declarations applicable to goods introduced into the customs territory of the European Union or leaving it.
- The postponement affects tax returns and self-assessments due between April 15, 2020 and May 20, 2020.
- But in case the payment method is by direct debit, the term is shorter, and it can be paid until May 15, 2020 (instead of May 20).
This publication does not constitute legal advice.
Free legal advice for COVID
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