23 Mar WHAT ARE THE LIMITS FOR NOT HAVING TO DECLARE THE TAXABLE INCOME OF THE NATURAL PERSONS THIS YEAR (2017-2018) IN SPAIN?

Income from labour yields

We do not have the obligation to present the declaration when the yields of the work come from a single payer and do not exceed the annual gross income of 22,000 euros. If it does not reach those 22,000 euros but are several payers, there is also no obligation if the sum of the income paid by the second and the other payers does not exceed the amount of 1,500 euros per year gross.

Those who perceive retirement pensions, unemployment benefits, compensatory pensions or medical casualty payments are also excluded from the obligation to declare. But in this case only if the determination of the tax retention rate applicable to this case has been requested by the taxpayer himself in the months of January and February 2017 by means of the presentation of Model 146.

If you do not comply with any of the above assumptions, the conditions vary.

Thus, if income from Labour yields comes from several payers and the sum of the amounts received from the second and the remainders does exceed 1,500 euros per annum, the limit for the exemption to declare comes down to 12,000 gross euros per year.

The amount is also set at 12,000 euros when spouse’s compensatory pensions or food annuities are received (the latter are exempted if they come from the parents by court decision), when the payer of the work returns is not obliged to taxation retention (such as pensions from abroad) and when full income from the labour is subject to a fixed rate of tax retention.

Capital gains and equity profits

Yes, you will be obliged to file a statement for the income tax, if you have income from capital gains and/or assets and these jointly exceed the 1600 euros annually.

Property rentals, treasury bills and grants

The declaration must also be made if revenues from imputed real estate income, treasury bills, and subsidies for the purchase of official or price-paid housing exceed jointly the 1,000 euro limit Annual gross.

In any case you will not have to declare…

However, in no case shall be obliged to declare those who obtain full returns on labour or capital or economic activities or assets when they jointly do not exceed the annual gross 1,000 euros.

Nor those who have had, exclusively, economic losses of less than 500 euros.

But those taxpayers in these cases who wish to apply certain deductions or receive a refund will have to ratify the official Hacienda draft or submit the declaration.

What is the deadline for the 2017 income?

In the event that we have to make the statement, the campaign begins on April 4, 2018 and will continue until July 2, deadline.