Overview of the annual income statement filing in Spain
The income statement is an annual obligation in Spain where taxpayers report their income and expenses for the fiscal year to the Tax Office. The aim is to determine the amount of tax due and ensure that tax obligations are current, helping to prevent penalties or fines.
In Spain, the income statement is filed during the months of April through June of the year following the year in question. For example, the statement prepared in 2024 reflects income and expenses recorded in 2023.
Draft 2023 income statement
To streamline the submission process, the Tax Office provides taxpayers with a draft income statement. This draft includes Personal Income Tax data, withholdings, and deductions collected by the Treasury, serving as a proposed return that contains the taxpayer’s financial information.
The taxpayer is invited to review the draft and make changes if needed. Once satisfied, the taxpayer can confirm the draft and submit it online, avoiding the need to file a complete income statement again.
By confirming the draft, the Treasury records the taxpayer’s agreement with the presented figures, and processing proceeds automatically using the data already held by the Tax Office.
If the taxpayer believes the draft is inaccurate, incomplete, or could be more advantageous, the declaration can be submitted by other methods within the established window.
OCU cautions about errors in the income draft: essential checks before submission
It is crucial to note that a draft is not mandatory, and the taxpayer always retains the option to file a full, alternative return if desired. Careful review of the draft ensures that all data are correct before approval.
Is it better to choose an individual income statement or a joint one? This question often comes up among taxpayers seeking to optimize their filing strategy.
Access to the 2023 draft statement
According to the 2023 revenue calendario, the taxpayer can request the draft online starting April 11. The deadline for submitting the income statement is typically June 30, 2023, though dates may vary depending on actions outlined in the Tax Authority’s calendar for the year. If the Treasury is to prepare the statement over the phone, an appointment may be needed between May 3 and June 29, with submission windows spanning May 5 to June 30.
Do retirees need to submit an Income Statement?
If a taxpayer prefers in-person filing rather than a phone-based service, the process is typically concentrated in June, from the 1st to the 30th. Appointments or specific windows may range from late May to late June, depending on the year’s calendar.