The income statement in Spain is an annual process where taxpayers report their income and expenses for the fiscal year to the Tax Office. The purpose is to determine the tax payable and keep obligations up to date to avoid penalties.
In Spain, the income statement is filed between April and June of the year following the year it covers. For example, the statement for 2024 reflects income and expenses recorded in 2023.
2024 income statement draft
To assist taxpayers with the filing, the Tax Office provides a draft income statement. This draft includes personal income tax figures, withholdings, and deductions collected by the Treasury, presenting a preliminary return based on the available data.
The taxpayer can review and adjust the draft if necessary before submission. If everything is correct, the draft can be confirmed and submitted online, without needing to prepare a full income statement from scratch.
In this way, the Treasury records the taxpayer’s agreement with the draft income statement, and it is processed automatically using the data already on file with the Tax Office.
If the draft is not approved because it is inaccurate, incomplete, or it would be more favorable to file differently, the taxpayer must submit a full income return by the established deadline.
It is important to note that the draft is optional and the taxpayer always has the option to file a complete alternative return if needed. A careful review of the draft before approving it helps ensure all information is correct.
Is it better to choose an individual income statement or a joint one?
When can the 2024 lease draft be seen?
According to the 2024 revenue calendar, taxpayers can request the draft online starting April 11. The deadline for submitting the income statement is June 30 in any case.
Dates may vary depending on actions defined in the calendar set by the Income Tax Authority for 2024. If a taxpayer asks the Treasury to arrange the income statement over the phone, an appointment must be made from May 3 to June 29, with submission windows running from May 5 to June 30.
Do retirees have to submit their Income Statement?
If a taxpayer prefers the Tax Office to file the income statement in person rather than by phone, the period is different: the entire month of June, from the 1st to the 30th, is available for submission, with appointments possible from May 25 to June 29, 2024.