Regularization through rectification of self-assessments

Regulations: Art. 67 bis Regulation PIT and art. 120.3 of the LGT

When the taxpayer wants to modify a self-assessment of the PIT filed because the amount to be refunded is higher than the self-assessment or the amount to be paid is lower than the self-assessment filed (as occurs if the taxpayer has improperly declared exempt income, computed amounts greater than required, forgot to deduct any eligible expenses or omitted any reduction or deduction to which they were entitled) and, consequently, their legitimate interests have been harmed, they must request rectification of said self-assessment through the procedure regulated by articles 120.3 of Law 58/2003, of December 17, General Tax Law, and 126 to 129 of Royal Decree 1065/2007, of July 27, approving the General Regulations for actions and procedures for tax management and inspection and for the development of the common rules for the procedures for the application of taxes.

The procedure to be followed for the rectification of self-assessments consists of the following phases:

1. Initiation of the procedure
2. Processing of the procedure
3. Termination of the procedure