Instructions
Form 411
Tax on Deposits in Credit Institutions. Self-assessment
Instructions on completing form 411 and how to present it.
General issues
The references to the Tax Law contained in the present instructions are to Law 16/2012, of 27 December, adopting different tax measures aimed at consolidating public finances and boosting economic activity.
Obliged to present Form 411
They are required to present Form 411:
- The finance companies defined in article 1 of Legislative Royal Decree 1298/1986, of 28 June, adapting the current laws on the subject of Finance Companies to that of the European Communities.
- The branch offices in Spanish territory of foreign finance companies.
They are exempt from the Tax, and consequently are not required to present Form 411:
- the Bank of Spain and monetary regulation authorities.
- The European Investment Bank.
- The European Central Bank.
- The Official Credit Institute.
Deadlines for submitting form 411.
The deadline for submitting form 411 will be between the 1st and 31st of July of the year following the year that coincides with the tax period.
The presentation of form 411 with direct debit of the payment of the resulting tax debt may be made within the period between July 1 and 26, both inclusive.
Forms of presentation of Model 411.
The presentation of Form 411 will be mandatory electronically using recognized electronic certificates issued for the identification and authentication of the taxpayer.
Completion of form 411
(1) Identification
Enter the taxpayer's NIF (Tax ID Number) and its denomination or trade name.
(2) Accrual
Tax period: Enter the four figures of the calendar year that coincides with the tax period to which the self-assessment corresponds.
(3) Assessment
Box 01: | Taxable base: The tax base of the tax period to which the self-assessment refers must be entered. This tax base will include third-party funds maintained at the headquarters or in branches located in the Autonomous Communities of the common regime and the Autonomous Cities of Ceuta and Melilla, as well as those maintained through non-face-to-face marketing systems that correspond to said territories.
This amount must coincide with the sum of the amounts entered in boxes 07 + 09 + 11 + 13 + 15 + 17 + 19 + 21 + 23 + 25 + 27 + 29 + 31 + 33 + 37 + 39 + 41 + 43 of sheet 2 of the model. |
Box 02: | Tax rate: The tax rate for the Tax on Deposits in the Finance Companies is 0.03 per cent according to the provisions of section Eight of article 19 of the Tax Law. |
Box 03: | Tax rate: It will be the result of applying the tax rate to the tax base of the tax period.
This amount must coincide with the sum of the amounts entered in boxes 08 + 10 + 12 + 14 + 16 + 18 + 20 + 22 + 24 + 26 + 28 + 30 + 32 + 34 + 38 + 40 + 42 + 44 of sheet 2 of the model. |
Box 04: | Amount of the advanced tax payment: The amount of the payment on account made through form 410 must be entered in relation to the tax period to which the self-assessment refers.
IMPORTANT : In the case of entities with third-party funds maintained at the headquarters or in branches located in the Foral Community of Navarra , as well as maintained through non-face-to-face marketing systems that correspond to said territory , the amount of the payment on account to be deducted in the State's self-assessment must not include the amounts that correspond to said Foral territory. Consequently, the amount to be entered in box 04 of this form 411 will be the result of subtracting the following amounts from the payment on account made in December 2014:
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Box 05: | Result of the previous tax return: Exclusively in the case of complementary self-assessed tax returns, the result of the self-assessed tax return or self-assessed tax returns previously presented for this same item and corresponding to the same tax period will be put on record in this field. |
Box 06: | Amount to deposit or return: The result of subtracting from the Tax Fee (box 03) the amount of the payment on account made in relation to the same tax period (box 04) and the result of the previous declaration (box 05) must be entered. |
(4) Complementary Self-Assessed Tax Return
A "X" shall be marked in the box for this purpose when this self-assessed tax return is complementary to another self-assessed tax return presented previously for the same item and corresponding to the same tax period. In such a case, the confirmation number from the previous self-assessed tax return will be recorded in this section. If more than one self-assessed tax return has been submitted previously, the confirmation number from the last one of them shall be recorded.
(5) Payment
In the event that the amount to be deposited or returned (box 06) is positive, said amount must be entered in the box identified with code I, as well as the chosen payment method. Likewise, the complete bank account details (IBAN Code) must be included in the declaration in case of payment by direct debit or the Complete Reference Number, in the case of payment by account debit with obtaining NRC.
(5) Return
In the event that the amount to be deposited or returned (box 06) is negative, said amount must be entered in the box identified with code D, as well as the complete bank account details (IBAN Code) in the event that the The taxpayer marks the transfer refund box with an “X”. If the taxpayer wishes to waive the refund, they must mark an "X" in the box indicating this option.
(7) Distribution of payment on account
On sheet 2 of form 411, the amount of the tax that is self-assessed must be disaggregated, in the terms established by article 19. Nine of the aforementioned Law 16/2012.
Box 07: | The part of the tax base that corresponds to funds maintained through non-face-to-face marketing systems and the rest of the items that are not susceptible to territorialization must be entered.
Taxpayers will include only the part that corresponds to the Autonomous Communities of joint government, which will result from applying to the total deposits maintained by non on-site means the same proportion represented by third party funds maintained in the aforementioned territories, in relation to the entirety of the funds maintained by the taxpayer through on-site commercialisation systems. This same criterion should be followed in relation to the rest of items that are not liable to territorialisation. |
Box 08: | The amount of the Tax that corresponds to funds maintained through non-face-to-face marketing systems will be recorded. This amount will coincide with the result of applying the tax rate of the Tax to the base entered in box 07. |
In boxes 09 to 34 and 37 to 40, the part of the Tax that corresponds to face-to-face funds maintained at the headquarters or in branches located in each of the Autonomous Communities of the common regime specified in the Model must be disaggregated.
Thus, for example, in the case of Andalusia, the part of the tax base that corresponds to third-party funds maintained at the headquarters or in branches located in its territory must be entered in box 09. In box 10, the amount of the self-assessed Tax that corresponds to third-party funds held in the Autonomous Community of Andalusia will be entered, which will coincide with the result of applying the tax rate of the Tax to the base entered in box 09.
(8) Information related to the part of the Tax corresponding to Ceuta and Melilla
Box 39: | The part of the taxable base of the Tax that corresponds to third-party funds maintained through non-face-to-face marketing systems and other items not susceptible to territorialization that correspond to Ceuta and Melilla will be recorded.
The above-mentioned amount will be obtained by applying to the total of deposits maintained by the taxpayer by non-presential means the proportion represented by third-party funds maintained in the head office or in branches located in Ceuta and Melilla in relation to all the funds maintained by the taxpayer through presential commercialisation systems. This same criterion should be followed in relation to the rest of items that are not liable to territorialisation. |
Box 40: | The part of the Tax that corresponds to third-party funds maintained through non-face-to-face marketing systems and other items not susceptible to territorialization that correspond to Ceuta and Melilla will be recorded, which will be the result of applying the tax rate of the Tax to the amount recorded in the box 39. |
Box 41: | The part of the taxable base of the Tax that corresponds to third-party funds maintained at the headquarters or in branches located in the territory of Ceuta and Melilla will be recorded. |
Box 42: | The part of the Tax that corresponds to third-party funds held at the headquarters or in branches located in the territory of Ceuta and Melilla will be recorded, which will be the result of applying the tax rate of the Tax to the amount entered in box 41. |