Tax Management

Entrepreneurs or professionals covered by the simplified regime will have to submit the following self-assessments:

1. Self-assessments:

   • The self-assessments corresponding to the first three quarters will be submitted during the first twenty days of the months of April, July and October, in form 303.

     In these three self-assessments, payments will be made on account of the simplified regime quota, as well as the settlement of the operations indicated in article 123, section one, letter B, of the VAT Law (intra-community acquisitions, reversal of the taxable person and transfer and acquisition of fixed assets), if the settlement of such operations has not been chosen in the last quarter.

     The direct debit of payments of these income on account for the first, second and third quarters may be made from the 1st to the 15th of the months of April, July and October, respectively.

     However, when the last day of the deadline for submitting self-assessments, in accordance with the provisions of its regulatory regulations, is a non-business day, the deadline for direct debit will be extended by the same number of days that the deadline for submitting the self-assessments is extended. said self-assessments.

   • The final self-assessment corresponding to the fourth quarter will also be submitted through form 303, during the first thirty days of January of the following year. If the result is to be deposited, the payment can be direct debited from the 1st to the 25th of January.

     However, when the last day of the deadline for submitting the final self-assessment, in accordance with the provisions of its regulatory regulations, is a non-business day, the direct debit deadline will be extended by the same number of days that the submission deadline is extended. of said self-assessment.

     Additionally, and in order to reduce administrative burdens, it has been established that those taxpayers who meet certain requirements established by Ministerial Order will be exempt from the obligation to submit the annual summary declaration of VAT ( model 390) in accordance with the provisions of article 71 of the VAT Regulations. This exemption is not optional.

     The group subject to exemption from this obligation is made up of taxpayers of the Tax obliged to submit periodic self-assessments, with a quarterly settlement period, who, paying taxes only in common territory, exclusively carry out the following activities:

     1. Activities that are taxed under the simplified Value Added Tax regime, and/or

     2. Urban real estate leasing activity.

     The exemption will be maintained in the event that they also carry out activities for which there is no obligation to submit periodic self-assessments.

     Therefore, the businessman or professional covered by the simplified regime exclusively must complete the specific section reserved for exempt taxpayers of the annual Tax Declaration-summary required for these purposes in the Tax self-assessment model (form 303) corresponding to the last settlement period of the year in relation to the activities to which the declaration refers and the detail of the total volume of operations carried out in the year.

     This exemption does not apply in the event that there is no obligation to present the self-assessment corresponding to the last settlement period of the fiscal year due to having declared the withdrawal in the Census of Entrepreneurs, Professionals and Withholders before the beginning of the fiscal year.

2. Annual summary declaration of Value Added Tax: In addition to the self-assessments described (form 303), entrepreneurs or professionals covered by this must submit the annual summary declaration of VAT , model 390 special regime that do not meet the requirements established by Ministerial Order to be exempt from the obligation to present the annual VAT Summary Declaration in accordance with the provisions of Article 71 of the VAT Regulation.