Regularization through rectification of self-assessments
Regulations: Art. 67 bis Regulation Personal Income Tax and art. 120.3 of the LGT
When the taxpayer wants to modify a personal income tax self-assessment presented because the amount to be returned is greater than the self-assessed amount or an amount to be deposited is lower than that of the self-assessment presented (as happens if the taxpayer improperly declared some exempt income). , computed amounts in excess of what was due, forgot to deduct any fiscally admissible expense or omitted any reduction or deduction to which he was entitled) and, consequently, damage to his legitimate interests has occurred, he must request the rectification of said self-assessment through the procedure regulated by articles 120.3 of Law 58/2003, of December 17, General Tax, and 126 to 129 of Royal Decree 1065/2007, of July 27, which approves the General Regulation of the actions and procedures for tax management and inspection and for the development of common standards for tax application procedures.
The procedure to follow for the rectification of self-assessments consists of the following phases: