Only a few days remain until the end of the holiday period. In 2021, many Spaniards still have not completed their tax filing for the Income Campaign. If you were one of the late filers and received the Minimum Vital Income (IMV) or you were placed on DEFER, you should know that you must file your tax return even if you did not reach the minimum threshold.
Thus, IMV beneficiaries must submit their declaration, including any other benefits that are 1.5 times the IPREM. This does not automatically mean you owe taxes if your income is below certain thresholds.
In cases where a person was on ERTE and had two payers, if the combined income from both sources exceeds 14,000 euros, a declaration of income from the second payer is required. The threshold here is 1,500 euros.
This is the penalty the Treasury can impose for submitting the rent declaration after the deadline.
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IMV beneficiaries must file a personal income tax return regardless of the total income they report.
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IMV itself is an exempt income, and most recipients will not need to include it in their tax returns, but a return is still required.
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Amounts over EUR 11,862.90 (Public Revenue Indicator for Multiple Impacts, 1.5 times IPREM) must be declared as income from work. If the IMV is combined with other support such as minimum placement income or guaranteed income, and similar aid from autonomous communities or municipalities for groups at risk of social exclusion, you must declare and pay taxes only on the excess amount.
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In many cases, the return will be straightforward with no income to declare. For most filers, the amount due will be zero, so the form will show a zero in the relevant boxes if no other income was received.
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Minimum Vital Income does not grant maternity deductions or deductions for extended family members or disabled dependents by itself.
Income 2021: expenses deductible by a professional
If SEPE paid an ERTE amount higher than what should be declared in the 2021 Revenue Campaign, the outcome depends on whether SEPE has initiated or completed the refund process by the time the taxpayer files the declaration. The timing matters for the taxpayer’s declaration and for whether the refund file has started.
Two basic scenarios apply:
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The surplus paid by SEPE has already been reimbursed in 2021. In this case, the tax authority will already have the correct amount, this amount will appear in the tax data, and the taxpayer will typically file the return based on this data without needing a correction later.
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The surplus paid by SEPE has not been reimbursed in 2021. In this situation, the taxpayer should review their financial data. If the taxpayer agrees with the reimbursement amount, they can transfer this information to Renta WEB and then file the declaration as usual without requesting a correction. If the taxpayer does not accept the amount, the values in the declaration box can be adjusted accordingly.
In any case, the final figures can be amended if the taxpayer disputes the amount.