Sorry to say, but it's that time again.
The time of year when those living in Spain have to file their annual income tax returns, commonly referred to as IRPF (Impuesto Sobre la Renta de Las Personas Físicas)
Spain’s tax authorities, (Agencia Tributaria) have now published the official tax filing dates when people are able to start submitting their income and wealth taxes for 2021.
How can I file my taxes?
Last year there were more than 21 million tax returns filed with 92% of those submitted online.
You can currently submit your returns via the following methods.
When can you file your return for 2021?
Spain’s tax year corresponds to the calendar year and therefore runs from January 1 to December 31.
As a rule, residents have until the end of June the following year to submit their returns for the previous year or receive a financial penalty.
There are a number of ways of submitting your return and each has a different corresponding date.
The key dates in 2022 that have now been announced for the 2021 returns are:-
What are the main changes this year?
Those earning between 200,000 and 300,000 euros will see a rise in the amount of tax they pay up by between two and three percentage points.
There will be deductions for those with individual private pension plans, which will be reduced to a maximum of 2,000 euros. Company pension plans will have their limit raised to 8,000 euros. The maximum reduction will be limited in both cases to 10,000 euros.
The wealth tax for those with assets greater than 10 million euros will be increased by 1% up to a rate of 3.5%.
Cryptocurrencies will also begin to come under the radar with the tax authorities keeping an eye on transactions from this year. Since July 2021, it is mandatory to report on these assets if more than 1,000 euros in income is received.
September 22, 2023
September 12, 2023