The deadline to submit Income and Asset declarations begins on May 2 and ends on June 30. The Tax Agency plans to return 11,425 million euros to 14,200,000 filers. The expected declarations with results to be entered are 4,200,000 for an amount of 11,650 million euros. Refunds made for an amount of 278.1 million euros, 8.7% more than the same date last year and 1,033,606 drafts confirmed to date, 4.7% more.

April 28, 2008. The Tax Agency expects to receive 18,525,000 Personal Income Tax (IRPF) declarations in this Income Campaign, as explained at a press conference by the president of the State Tax Administration Agency (AEAT), Carlos Ocaña, and its general director, Luis Pedroche. This represents an increase of 5% compared to last year and more than 870,000 new personal income tax filers. This is the largest increase in the number of personal income tax filers in recent years.

The deadline to submit Income Tax and Wealth Tax returns begins on Friday, May 2 and ends on Monday, June 30. Of the 18,525,000 declarations planned, it is estimated that 14,200,000 declarations will be entitled to a refund, 76.66% of the total, for an amount of 11,425 million euros. In turn, the expected declarations with results to be entered stand at 4,200,000 (22.67%) for an amount of 11,650 million euros. Declarations with zero quota are estimated at 125,000.

In this Income Campaign, the total fee to be paid will exceed the total fee to be returned by 225 million euros. This difference between income and returns is 50% lower than the previous year and is produced by the expected increase of 6.5% in the fee to be deposited compared to an increase of 8.9% in the fee to be returned.

By form of declaration, individual declarations will grow by 10.4% and will stand at 14,300,000, while joint declarations will decrease by 10% to 4,225,000, according to forecasts.

Regarding the Wealth Tax (tax transferred to the autonomous communities), 1,050,000 declarations are expected and a fee to be paid of 2,075 million euros, 14.8% more income than the previous year.

News from the Income Campaign

The main novelty is the application of the new personal income tax law with a tax reduction and an increase in personal and family minimums that will allow 7 million taxpayers to be excluded from taxation.

The rate bands are reduced to four and the exempt minimum is expanded.

For 70% of taxpayers, a single rate of 24% will be applied. All savings products are taxed at 18%. To this tax reduction we must add a new deflation of personal income tax rates.

Increased use of Income Assistance services

On the other hand, it is worth highlighting the generalization of the main Income assistance services: the draft and the online presentation. This income campaign also marks the twentieth anniversary of the PADRE assistance program.

Currently, more than 14 million taxpayers request the draft, which means that 3 out of every 4 taxpayers request it, and of the total returns, more than 25% will be submitted online, 1 out of every 4 returns. Call centers can receive 180,000 calls daily, and making an appointment is the normalized method to go to the enabled rental platforms.

Draft Income and tax data

The Tax Agency offers the possibility of receiving a draft of the Income Tax return prepared by the tax administration to all taxpayers who meet the conditions established by the Personal Income Tax Law. Basically, taxpayers whose income comes exclusively from labor income, income from movable capital with withholding or deposit on account, Treasury Bills, capital gains subject to withholding or deposit on account, imputation of real estate income can receive the draft as long as it comes from two properties maximum, as well as subsidies for the acquisition of a habitual residence. Eligibility for the tax credit for acquisition of a residence or for donations, or the deduction for pension plan contributions, does not preclude eligibility to receive the draft tax return form. Those who cannot receive the draft will obtain the tax data.

As of April 28, 1,033,606 drafts had been confirmed, 46,000 more than the same date last year, which represents an increase of 4.7%.

The most used way to confirm the draft in this Income Campaign is the Internet, with 40% of the total, followed by financial entities with 23% and the telephone with 16%, next are the AEAT offices with 15% of drafts confirmed, while 6% in total have been confirmed by SMS.

Refunds to personal income tax filers

Refunds to personal income tax filers have begun before mid-April for those who had confirmed their draft income tax. To date - data as of April 28 -, the Tax Agency has made 489,772 refunds for an amount of 278.1 million euros, which represents an increase of 8.7% in amount and 11.6% in number with compared to the same dates last year.

Support and information services

During the Tax Return Campaign, the Tax Agency offers taxpayers assistance and information through the following channels:

Internet ( headquarters.agenciatributaria.gob.es ): without the need for an electronic signature certificate, you can request, modify and confirm the Personal Income Tax draft tax return; request an appointment, cancel it and change it; download the PADRE Program; with the electronic signature certificate, submit the income tax return and pay any amount payable.

Telephone:

Automatic service 901 12 12 24 Request pre-populated tax return; confirm drafts for which a refund is owed; request appointment.

With operator 901 200 345 Request, rectify and confirm pre-populated tax returns

901 22 33 44 Appointment request

Tax information

901 33 55 33 Resolve tax doubts

SMS: send the following message to 5025: Income (space) Draft receipt number (space) NIF . Only drafts with tax to be refunded.

Mobile phone alerts: Filers can subscribe to a mobile alert service by which they will be informed about the issuance of the Income draft or the refund in next year's Income Campaign. To do this, all you have to do is include your mobile phone number and check the box provided for this in the personal income tax return.

Obligation to report

Anyone who obtains income that exceeds the following limits or is different from those indicated below is obliged to file a tax return:

• Full work performance: 22,000 euros gross per year when they come from a single payer or when they come from several payers, provided that the amount received from the second and remaining payers, in order of amount, does not exceed 1,500 euros per year
• The limit is 10,000 euros per year if they come from several payers and the sum received from the second and remaining payers together exceeds 1,500 euros per year; when the payer is obliged to withhold tax. in the case of spousal maintenance payments or maintenance annuities - unless they are paid by the parents by a court decision.
• Full income from movable capital and capital gains subject to withholding or deposit on account exceeding 1,600 euros per year as a whole.
• Imputed real estate income derived from more than one non-leased urban property other than the habitual residence, income from Treasury Bills and subsidies for the acquisition of officially protected housing or appraised price exceeding 1,000 euros per year together.