Page 48 - Property Portfolio - November 2019

ANNUAL INCOME TAX rETUrNS

CAMPAIGN SUCCESS

Recently published official news from the they should declare all their income in Spain,
Spanish Inland Revenue (Agencia Tributaria) and this has proved to be very effective in
provides information regarding the ANNUAL many cases.
INCOME TAX RETURNS CAMPAIGN, In conclusion it could be said that the sharing
(CAMPAÑA DE LA DECLARACIÓN DE LA of computer data by Tax offices is much easier
RENTA), carried out during April, May and and more effective nowadays. Resulting in the
June 2019, corresponding to the Tax Year Spanish Tax Authorities having access to much
2018. more information than ever about citizens. To
According to this official information the avoid penalties, charges and default interests,
campaign was a total success in terms of we recommend all readers should submit their
TAXES COLLECTED by the Tax Office, being annual tax returns correctly and on time (as
the highest amount in decades. residents or as non-residents), by contacting
The tax office normally refunds money to a professional solicitor / tax advisor.
citizens (around 300 MILLION EURO), but this All readers should contact a professional to
time the Tax office received an extra 1,100 review their personal tax situation and be
MILLION EURO. ready to pay their taxes on time.
The total amount of tax collected by the tax Our law office is happy to meet readers free
office was much more than expected by the of charge to review and discuss their personal
authorities. circumstances and recommend the best
The reason for this increase in the total tax course of action.
collected was because now all European Union To make a free appointment please contact
countries interchange their tax information and our Law office.
this together with the taxes now being paid
by the bigger private companies like Airbnb, Jose M. Lopez-Avalos
Homeaway, etc. also contributed to this rise. Tel. (00 34) 952 901 225
Using the information provided by other EU Fax. (00 34) 952 901 226
countries the tax office has sent thousands of E-Mail: mail@manilvasolicitors.com
“Informative” letters to citizens suggesting that www.manilvasolicitors.com

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