The income statement is an annual obligation in Spain for reporting each taxpayer’s income and expenses from the fiscal year to the Tax Office and for determining the amount of tax due. Keeping tax obligations current helps avoid penalties and fines and ensures compliance with local laws.
In Spain, the income statement is filed between April and June of the year following the year to which the statement refers. In other words, the statement prepared in 2023 covers income and expenses recorded in 2022.
2023 income statement draft
To streamline the filing process, the Tax Office provides a draft income statement. This draft includes items such as Personal Income Tax (IRPF) income and withholdings, tax deductions, and other data collected by the Treasury from the taxpayer. It acts as a proposed return with pre-filled tax information.
The taxpayer can review and modify the draft if needed before final submission. If the draft is correct, the taxpayer can confirm it and submit it online, avoiding the need to prepare a full income statement from scratch.
In this way, the Treasury can determine that the taxpayer agrees with the income statement, and processing proceeds automatically using the data already on file with the Tax Office.
If the draft is not approved because the taxpayer believes it is inaccurate, incomplete, or potentially more favorable when prepared differently, the declaration must be submitted by other means within the established timeframe.
Therefore, it is important to note that the draft income statement is not mandatory, and the taxpayer always has the option to file a full, alternative return if necessary. It is also crucial to carefully review the draft before approval to ensure all data is correct.
Is it better to choose an individual income statement or a joint one?
When can you see the 2023 lease draft?
According to the revenue campaign calendar for 2023, the taxpayer will be able to request the draft income statement online starting April 11. The deadline for submitting the income statement remains June 30, 2023 in any case.
Other dates depend on actions set by the Income Tax Authority’s calendar for 2023. If the taxpayer prefers the Treasury to arrange the income statement over the phone, an appointment must be made between May 3 and June 29. In that scenario, the submission window runs from May 5 to June 30.
Do retirees have to submit their Income Statement?
If the taxpayer wants the Tax Office to file the income statement in person rather than by phone, the schedule changes to the entire month of June, from the 1st to the 30th. In-person filing may be possible from May 25 to June 29, depending on local arrangements for 2023.