Page 44 - Property Portfolio - October 2019

ANNUAL INCOME TAX rETUrNS

CAMPAIGN SUCCESS

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

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