The income statement is an annual requirement in Spain for reporting taxpayers’ earnings and expenses within the fiscal year to the Tax Office, with the aim of determining the tax due. Keeping tax obligations current helps avoid penalties or fines and keeps things straightforward for everyone involved.
In Spain, the income statement is submitted during the spring of the year following the one it covers. That means the statement prepared in 2025 will reflect income and expenses from 2024.
2025 income statement draft
To streamline this process, the Tax Office provides taxpayers with an income statement draft. The draft covers Personal Income Tax (IRPF) income and withholdings, applicable tax deductions, and other data collected by the Treasury for the taxpayer. Essentially, it is a proposal that previews the tax data before filing.
The taxpayer has the opportunity to review and adjust the draft if necessary before submission. If the draft is accurate, the taxpayer can confirm and submit it online, often eliminating the need to prepare a separate full income statement.
The Treasury uses this draft to confirm that the taxpayer agrees with the reported figures, and the filing is then processed automatically using the data already on file with the Tax Office.
If the draft is viewed as inaccurate or incomplete, or if a more advantageous outcome is possible, the taxpayer can submit a full, alternative return by the specified deadline.
OCU warns of failures in the Income draft: what to review before submitting
Therefore, it is important to note that the income statement draft is not mandatory. Taxpayers always have the option to file a complete return if they choose. It is crucial to carefully review the draft to ensure that all information is correct.
Is it better to choose an individual income statement or a joint one?
When can the 2025 lease draft be viewed?
According to the 2025 revenue calendar, taxpayers can request the draft income statement online starting in April. The usual deadline for submitting the income statement remains June 30 in most cases. Additional dates may depend on the actions chosen within the calendar established by the Income Tax Authority for 2025. For example, if a phone-based arrangement is preferred, an appointment may be required, typically with a submission window that starts a few days after the appointment and ends at the end of June.
Note that if a taxpayer opts to have the filing completed in person rather than by phone, the process runs through June 30, with a window running from late May to late June.
Do retirees have to submit their income statement? If a taxpayer requests in-person submission rather than a phone-based service, the filing period may extend through most of June, with specific dates announced by the Tax Office.
At a glance, the income statement draft offers a convenient preview, while the official filing confirms the taxpayer’s agreement with the data. Users should weigh the draft against a full return to determine the best approach for their situation, taking into account current rules and deadlines as published by the Tax Office.
Notes and guidance are provided by the relevant tax authorities to help residents in Canada and the United States understand how similar annual filings work in their jurisdictions, while still recognizing the Spain-specific framework for the income statement process. (citation: Tax Authority guidance)