Penalty Calculator for Late Filing of the Income Tax Return
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Penalties for late filing of the Income Tax Return
Making sure you file your income tax return on time is key to avoiding costly consequences.
These costs can add up quickly, so being on time with your tax filing is essential to avoid any unnecessary financial burdens.
Keep this in mind
So you can find out what exactly affects the penalties for late filing of the income tax return.
Income Tax Return to be paid or refunded:
An income tax return to be paid (“a pagar” in Spanish) means that you as a taxpayer, after having filed your tax return, will have to pay an additional amount required by the Tax Agency.
When the opposite happens and the income tax return comes out “to be refunded” (“a devolver” in Spanish), the Tax Agency will reimburse you this money.
In your income tax return, in the Casilla 610 Cuota Diferencial is the result of your tax return and is obtained simply by subtracting the withholdings and payments on account made throughout the year.
To find out if the result of your income tax return is to be refunded, just look at the “-” sign that appears before the amount.
Does it matter if the Tax Agency asks you to file the Income Tax Return?
In short: yes.
Apart from the time that has passed since you should have filed your income tax return, you should also take into account whether the Tax Agency asks you to do so or not.
If you file it voluntarily, your fine or penalty will be much lower than if the Tax Authorities request you to do so by means of a notification.
Late income tax return to be refunded:
In this case, the taxpayer would also face some penalties.
- If there is a request from the Tax Agency, the maximum limit of the penalty would be 200 euros.
- If there is none then the penalty would be reduced by half: 100 euros.
Late income tax return to be paid:
In the case of the income tax return status being to be paid:
If there is a request from the Tax Agency:
In this case a sanctioning procedure will be initiated and can be determined depending on whether economic damage has been caused to the Tax Agency or if other tax infringements have been committed repeatedly.
In order not to aggravate the situation, it is advisable to submit it immediately.
If there is none:
You will have to pay a surcharge of 1% of your unpaid taxes plus another 1% for each month that passes without filing the income tax return, up to a maximum of 12% in the year.
However, if the tax return is filed after these 12 months the surcharge would be 15%.
More information
- All taxpayers should be aware of the filing deadlines, which differ depending on the type of taxpayer and tax year.
- It is important to have all the necessary documents such as invoices and receipts, in order to file a valid income tax return without future corrections.
- Make sure that all the information in the income tax return is correct because if, for example, you change your tax address and do not specify your current one, you may be committing a minor infraction and the Tax Agency could fine you 100 euros.