These are the fines that the Treasury applies if you do not file the Income Tax return on time
ABCMADRID Updated:04/08/2022 11:54h
The obligation to present the income tax return generally affects taxpayers when their income from work exceeds 22,000 euros per year. However, the limit drops to 14,000 euros in the event of having two payers and as long as the amount received from the second payer is greater than 1,500 euros. The recipients of the minimum vital income are also obliged to comply with the Treasury, as well as the workers who have been in ERTE unless they do not exceed the limit of 14,000 euros per year.
Consequently, taxpayers required to complete the personal income tax return must do so before June 30 for cases both to enter and to return. However, the deadline for declarations to be paid by direct debit ends earlier, on June 27.
The experts at Helpmycash.com warn that if the return is not submitted within that period, either due to forgetfulness due to ignorance of obligations, in addition to having to submit the return as well, the taxpayer will have to face a fine. The sanction will depend on whether it is the taxpayer himself who realizes the error and submits the return after the deadline or if it is the Administration who must notify of forgetfulness:
-Negative result without requirement of the Administration. If the result of the declaration is to be returned and it is presented before the Administration requires it, the fine will amount to 100 euros in total.
-Positive result without requirement of the Administration. If the result of the declaration is paid and is presented before the Administration requires it, the surcharge will amount to 5%, 10% or 15% in case it is completed three, six or twelve months late. And if the presentation of the self-assessment or declaration is made once twelve months have elapsed from the end of the term established for presentation, the surcharge will be 20% and will exclude the sanctions that may have been required.
«In these cases, default interest will be required for the period elapsed from the day following the end of the 12 months after the end of the term established for the presentation until the moment in which the self-assessment or declaration has been presented, as indicated article 27 of Law 58/2003 », indicate the experts of Helpmycash.
-Negative result with request of the Administration. If the result of the declaration is to be returned and the Administration sends a notice, the fine will be 200 euros.
-Positive result with requirement of the Administration. If the result of the declaration goes out to pay and the Administration sends a notification to the taxpayer, he will have to face a surcharge of 50% to 150%.