This year the 2023 income campaign starts now and runs from April 3 to July 1, aligned with the 2024 taxpayer calendar published by the Tax Office. In this campaign, income and revenues earned in 2023, including those connected to wealth tax, must be reported. Generally, about three out of four filers receive a refund because their withholdings exceed what they owed; the remainder typically shows as a balance due.
These are the key dates for the upcoming self-assessment cycle:
April 3, 2024
The period to request the draft begins, and the online filing window opens for income tax returns.
May 7, 2024
The window to submit income tax returns by phone starts.
May 25, 2024
The period to request an appointment for in-person declaration submission opens.
June 3, 2024
The deadline to submit the declaration in person to the Tax Office or partner offices becomes available.
June 26
If the result is paid by automatic transfer, the online submission deadline has passed. This date also marks the last day to request a phone or in-person appointment to file a declaration.
July 1
Last day to submit the income tax return using any of the designated methods.
The basic filing requirements are: earnings exceed 22,000 euros per year if there is a single payer. If there are multiple payers over the year, the threshold rises to 15,000 euros, instead of the previous 14,000. Additionally, if more than 1,500 euros are paid to any secondary taxpayer, filing a return becomes mandatory, even if the amount is under 14,000.
Some updates
In this cycle, submitting the income tax return is mandatory electronically, provided the tax administration offers personal assistance for taxpayers who need it.
Initial statements on cryptocurrency operations and the annual information statement are now in focus, with services available for safeguarding, storing, and transferring private crypto keys on behalf of individuals and entities resident in Spain and foreign entities with a Spanish establishment, including third parties.
Similarly, residents in Spain and foreign entities with a Spanish establishment that offer exchange services between virtual currencies and custodial currencies, or between different virtual currencies, or that mediate such transactions, must report. Companies that protect private crypto keys, store, and transfer virtual currencies on behalf of third parties are also required to file an annual information declaration.
Regarding future revenue campaigns, the government has extended all measures through 31 December 2024 to promote more sustainable energy use, whether in private homes or in neighboring blocks. This relief allows those who undertake these actions on their property to deduct 20%, 40%, or 60% of their personal income tax.
Self-employed individuals will also be able to apply this same method to estimate net income from economic activity, with one exception: agricultural, livestock, and forestry activities are subject to a quantitative limit based on a certain income volume.
For rents, the deduction changes for owners do not differ for the current return, as the changes take effect on January 1, so revenues reported in spring 2025 will reflect them.
In addition, the EU directive known as DAC 7 obliges digital platforms to share selected information about their sellers with tax authorities in EU countries starting January 1, 2024, for those with more than 30 transactions or earnings exceeding 2,000 euros from sales. This also affects the next annual statement.