Tax on the value of the extraction of gas, oil and condensates
Learn about the environmental tax levied on the value of public domain gas, oil and condensate products extracted in Spanish territory.
Settlement and payment of the tax
Taxpayers of this tax are required to self-assess the tax and pay the tax debt.
The assessment period is the calendar year, and the self-assessment corresponding to each assessment period must be submitted within the first twenty calendar days of April of the year following that in which the tax accrued.
In the event that the tax payment is direct debited, the deadline for submitting the self-assessment will end on April 15 of the year following the year in which the tax accrues.
The presentation of the self-assessment must be done electronically via the Internet, using form 589 "Tax on the Value of the Extraction of Gas, Oil and Condensates. Self-assessment and installment payment.
Likewise, taxpayers of this tax must make a fractional payment on account of the settlement corresponding to the current tax period.
The installment payment must be made within the first 20 calendar days of the month of October of the year in which the tax accrues.
In the event that the payment of the installment payment is direct debited, the deadline for submitting the same will end on October 15 of the year in which the tax accrues.
The presentation of the installment payment must be made electronically, through the internet, using form 589 "Tax on the Value of the Extraction of Gas, Oil and Condensates. Self-assessment and installment payment.
The basis for calculating the installment payment will be determined based on the value of the withdrawal during the first six months of each calendar year.
The amount of the installment payment will be the result of applying the corresponding tax scale to the base provided for in the previous paragraph.