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Practical Manual of Companies 2022.

Tax period and accrued amount

Regulation: Article 20 TRLIRNR

The tax period will coincide with the declared financial year and may not exceed twelve months. Unless otherwise declared, the tax period will be understood to refer to the calendar year.

The communication of the tax period must be formulated at the time the first declaration for this tax must be submitted, and will be maintained for subsequent periods as long as it is not expressly modified.

will be understood as having concluded the tax period:

  1. When the permanent establishment ceases its activity.

  2. When the divestment of the investment is carried out on the day it was carried out with respect to the permanent establishment.

  3. When the permanent establishment moves its activity abroad .

  4. When the transfer of the permanent establishment to another natural person or entity occurs.

  5. When the head office moves its residence.

  6. When the owner of the permanent establishment dies.

Non-Resident Income Tax will accrue on the last day of the tax period.