This annual process in Spain involves reporting taxpayers’ income and expenses for the fiscal year to the Tax Office and calculating the amount of tax due. Keeping tax obligations current helps avoid penalties and fines and supports accurate financial planning.
In Spain, the income statement is filed between April and June of the year following the year in question. That means the income statement prepared in 2023 reflects the income and expenses recorded by taxpayers in the previous year, 2022.
2023 income statement draft
To simplify the submission of these documents, the Tax Office provides taxpayers with a draft income statement. The draft includes Personal Income Tax (IRPF) income and withholdings, deductions, and other tax data collected by the Treasury on the taxpayer. It serves as a proposal for the return containing the relevant tax information.
The taxpayer can review and adjust the draft if needed before final submission. If the draft is accurate, the taxpayer can confirm it and submit it online directly, avoiding the need to prepare a full income statement from scratch.
In this way, the Treasury can verify that the taxpayer concurs with the drafted statement, and no further action is required. The process is completed using the data already present in the Tax Office records.
If the draft is not approved because it appears inaccurate, incomplete, or potentially less favorable, taxpayers may submit the full return through other approved methods within the designated timeframe.
Thus, it is important to note that the draft income statement is not mandatory. Taxpayers always retain the option to file a complete alternative return if deemed necessary. A careful review of the draft before approval is essential to ensure all data is correct.
Is it better to choose individual income statement or joint income?
When can you see the 2023 lease draft?
Under the fiscal calendar for 2023, taxpayers can request the draft income statement online starting April 11. The deadline to submit the income statement is June 30, 2023, in any case. The calendar may include additional dates depending on actions set by the Income Tax Administration for the year. If the taxpayer prefers the Treasury to arrange the income statement over the phone, an appointment should be made from May 3 to June 29, and the submission window runs from May 5 to June 30.
Other dates may apply based on the actions scheduled by the Income Tax Administration in 2023. If the taxpayer wants the Treasury to organize the income statement by phone, the appointment window is May 3 to June 29, with submission from May 5 to June 30.
Do retirees have to submit their Income Statement?
If the taxpayer prefers the Tax Office to file the income statement in person rather than by phone, the schedule shifts. The full month of June, from the 1st to the 30th, is available for in-person filing, with a possible window from May 25 to June 29 in 2023.