2025

The intensification of the economic globalizationcombined with the accelerated development of Technological and digital solutions applied to the financial sector, has created an environment conducive to the emergence of new financial agents or intermediaries and payment methods.Within the framework of the European Union, regulatory initiatives aimed at harmonizing financial services have made it easier for payment entities and electronic money entities to operate in Spain, even from other Member States or third countries, under the freedom to provide services and without needing a physical structure in national territory. In Spain, this evolution has been accompanied by the consolidation of alternative payment instruments, such as payment accounts, cards in their various forms, and mobile phone-based systems, which have demonstrated remarkable efficiency in terms of speed, availability, and operational simplification of financial transactions.

The First Chamber of the Supreme Court recently issued Judgment 1485/2025, of October 24, which resolves a matter whose significance goes far beyond its specific object: the controversial inclusion of enforcement surcharges as claims against the estate when the corresponding tax credit is generated during the bankruptcy proceedings. The resolution brings clarity, coherence and a unified criterion to a matter that in recent years had experienced divergent interpretations in courts and provincial courts.

The publication at the end of June of the Statistics of Personal Income Tax filers is the starting point of a series of publications related to this declaration (in this entry The newsletter displays the entire constellation of statistics derived from this model).

On July 25, the deadline for filing annual corporate tax returns for the 2024 fiscal year ended for companies whose fiscal year coincides with the calendar year. More than 95% of all filers are in this situation, which would suggest that the figures known at this point would be sufficient to give an idea of what happened this year. However, the existence of some significant groups with other fiscal years and the irregularity of the series themselves prevents this. To get a complete picture of the fiscal year's results, we must wait almost a year, until all companies have filed their tax returns. This is the reason why in the statistics that have this statement as a source (among others, Consolidated annual accounts, Unconsolidated annual accounts and Statistics by items) only data referring to 2022 will be counted until next October.

As noted in this same newsletter a few months agoIn recent years, the amount of information provided by the Tax Agency on rentals and, in general, on housing has increased significantly. The first works on this subject were linked to the development of the rental price index and of the State system of reference indices for housing rental prices, both from the Ministry of Housing and Urban Agenda, projects in which the Tax Agency participates together with the Cadastre. Since then, this same information has been used in different contexts. Along these same lines, and coinciding with the publication of the 2023 edition of the Statistics of the declarants of the PIT , the new one was unveiled Statistics on housing declared in the PIT , which seeks to offer, based on tax information, a snapshot of the residential real estate market belonging to individual owners.

The 2024 income tax campaign will conclude in the coming days. The campaign began on March 12 with the opening of the application process for a reference number. A week later, tax data was accessible, and on April 2, tax returns could be filed through the app. Rent WEB.

Since the entry into force of the system of Immediate Provision of Information (SII) in July 2017 there is daily sales data, so that the available economic information is closer to the time of the activity. We no longer have to wait for monthly or quarterly data to get an idea of what's happening in the economy.

The recently published Annual Tax Collection Report for 2024 summarizes all the relevant information from last year, once the information forms that complete the data from the periodic declaration forms that were already available at the end of March, when the monthly reports for December, January, and February were published, were received and processed. The annual report is also complemented by notes that provide further details on specific aspects of revenue collection.

The Tax Agency obtains salary information from the annual information return on withholdings from employment and economic activity income (known as Form 190). The information is comprehensive (all employers are required to submit it) and individual (its data is incorporated into the tax records of each taxpayer's income tax return), making it the best possible source for studying the labor market and wages.

In recent years, the information provided by the Tax Agency on leases has increased significantly. Since 2021, with the publication of data for the 2019 financial year, statistical information on housing leases recorded in the personal income tax return has been available. These same data are used to prepare the rental price index for which the Ministry of Housing and Urban Agenda is responsible, which in turn serves to establish the reference rental prices .

In the absence of the latest data to close the year 2024, many of the features that have characterized the year can already be anticipated, both from the point of view of the evolution of the main variables of the situation and of the collection itself.

On 7 November 2024, the Court of Justice of the European Union (CJEU) issued a judgment in joined cases C-289/23 and C-305/23, which analysed the compatibility of the reform of Royal Legislative Decree 1/2020, of 5 May, approving the revised text of the Bankruptcy Law (TRLC) operated by Law 16/2022 with Directive (EU) 2019/1023 of the European Parliament and of the Council, of 20 June 2019, on preventive restructuring frameworks, debt discharge and disqualifications, and on measures to increase the efficiency of restructuring, insolvency and debt discharge procedures, and amending Directive (EU) 2017/1132.