2023-06-18 13:17:28
The 2022 income tax return campaign is facing its last days and many taxpayers will rush until the last moment to file their return, especially if the result has paid off. In fact, according to the latest data from the Treasury, 63% have not yet done so. This means that, only during the month of June, the Treasury will collect more than 12,000 million euros. However, this amount could increase if the Spanish are late in their payment. As confirmed by TaxDown tax experts, all those taxpayers who are late in filing their taxes can face penalties of between 50% and 150% of the total debt.
It must be borne in mind that although the deadline for submitting income tax returns ends on Friday, June 30, if they turn out to be paid and want to direct debit the payment to the bank account, the last day to submit the statement is Tuesday, June 27. In other words, if the taxpayer pays the declaration and submits it on June 28, 29 or 30, he will not be able to pay it through direct debit and will have to go to the bank in person to settle his debt with the Treasury.
Sanctions are applied for errors in the declaration or for not submitting it on time. In the case of people who have not submitted their income tax on time and whose income statement has been paid, the penalty varies between 50 and 150% of the debt, but it can increase if the Treasury considers that they have suffered a economic damage or if this has already happened on other occasions. In the event that a person has to pay up to €1,200, they may have to pay up to €3,000, that is, an amount greater than the average savings of families, which in 2022 is around €2,800, after having fallen by 6.6% in the last year, according to data from the INE.
On the other hand, there are people to whom it comes out to return and do not present it, either due to ignorance or carelessness. But if they are obliged to present the declaration, even if it came out to return, not declaring also carries a penalty, which could reach 200 euros.
Four years
The review period by the Tax Agency of the tax procedures for personal income tax can be extended by four years. For this reason, even if the 2022 campaign is over, the Treasury has until 2027 to notify us of the failures committed in this management. If during this time the officials of the public body detect that a person should have submitted the personal income tax and has not done so, a request will be sent to them. Likewise, a disciplinary procedure will be initiated, which will have different consequences depending on whether the fiscal management went out to pay or to return.
Despite this, there is a way to reduce this type of fine as much as possible and that is to present the statement before the Treasury sends you the requirement, known as the “fear letter”. If a person sends personal income tax after the deadline and goes out to pay, the fine will depend on the time it took. In such a way that, if it is sent in the month of July, an interest of 1% will be charged, in August of 2%… and so on month by month, so it is important to leave it done as soon as possible so that the interest does not continue to grow.
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