5.5. Fractional payments of companies

If the net amount of the turnover during the twelve months prior to the date on which the tax period on account begins for which the corresponding installment payments must be made has not exceeded the amount of 6 million euros, these must be made in model 202, applying the calculation method provided for in section 2 of article 40 of the Corporate Tax Law New window , during the first twenty calendar days of the months of April, October and December.

The deadline for submission with direct debit payment will be from the 1st to the 15th of each month.

If the expiration of the submission period coincides with a non-business day, the period ends on the first following business day and the direct debit period will generally be extended by the same number of days that the submission period for said declaration is extended.

Non-working days calendar New window .

However, there is the possibility of opting for the calculation method provided for in section 3 of article 40 of the Law New window exercising this option by submitting form 036 New window , during the February of the calendar year from which it must take effect, as long as the tax period to which the aforementioned option refers coincides with the calendar year. In the contrary case, the option must be exercised in the corresponding census declaration during the 2 months counted from the start of the said tax period, or within the period between the start of the said tax period and the end of the period for making the payment corresponding to the said tax period when this latter period is less than 2 months.

The taxpayer will be linked to this modality of installment payment with respect to the payments corresponding to the same tax period and subsequent ones, as long as its application is not waived by submitting form 036, which must be submitted within the same deadlines established in the previous paragraph.