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2021 Wealth Tax practical guide.


The Wealth Tax was established by Law 19/1991 of 6 June, and was materially required until 1 January of 2008, the date from which Act 4/2008 of 23 December, which removes the tax on wealth Tax, the monthly refund system is generated in Value Added Tax and other amendments are introduced in the regulations tax (BOE of 25), removed the obligation to contribute by the tax authorities, by means of the formula of establishing a state subsidy of 100 for 100, on its full payment and repealing the formal obligations relating to the self-assessment of the tax, the filing of the tax return and, where applicable, the payment of the tax debt.

However, the effects of the economic crisis have been temporarily recovered through Royal Decree-Law 13/2011 of 16 September (Official State Gazette of 17 September), which initially contemplated its restoration only for the years 2011 and 2012. However, its application was extended for subsequent years until Law 11/2020 of 30 December, of the General State Budget for 2021 ( Official State Gazette of 31) in its first repeal provision has established the indefinite maintenance of the Wealth Tax. To this end, the second paragraph of the single article of Royal Decree-Law 1/2021 is repealed with effect from 13 January 2011.