Declaración de la Renta – Key Dates
At SGM Abogados, we understand that navigating Spain's tax system, particularly the annual "Declaración de la Renta" (Income Tax Return), can be complex and time-consuming. Our dedicated team is here to simplify this process for you, ensuring compliance and peace of mind.
Our Services
We offer comprehensive assistance tailored to your unique financial situation:
- Personalised Consultation: We assess your individual circumstances to provide accurate tax guidance.
- Preparation and Filing: Our experts handle the meticulous preparation and timely submission of your tax return.
- Deductions and Benefits Optimisation: We identify applicable deductions and benefits to minimize your tax liability.
- Representation: We act on your behalf in communications with the Spanish tax authorities, addressing any queries or issues that may arise.
Key Dates for the 2024 Tax Season
Mark your calendars with these essential deadlines for the 2024 tax year:
- April 2, 2025: Start of the tax return filing period.
- June 25, 2025: Deadline for submitting returns with direct debit payments.
- June 30, 2025: Final day to file your tax return.
It’s crucial to adhere to these dates to avoid penalties or interest charges.
Understanding Tax Obligations
In Spain, the “Impuesto sobre la Renta de las Personas Físicas” (IRPF) is a progressive tax applied to your worldwide income if you’re a tax resident. The general income tax rates for 2023 are as follows:
- Up to €12,450: 19%
- €12,451 – €20,200: 24%
- €20,201 – €35,200: 30%
- €35,201 – €60,000: 37%
- €60,001 – €300,000: 45%
- Over €300,000: 47%
Please note that these rates may vary slightly depending on your autonomous community.
Recent Updates
Starting this year, individuals receiving unemployment benefits are required to file a tax return, regardless of their income level. Additionally, the income threshold for those with multiple employers has increased from €1,500 to €2,500.
Why Choose SGM Abogados?
Our firm combines extensive experience with personalized service, ensuring that your tax matters are handled efficiently and accurately. We stay updated on the latest tax laws and regulations to provide you with the best possible advice.
Contact Us
Don’t let tax season overwhelm you. Contact SGM Abogados today to schedule your consultation and ensure a stress-free “Declaración de la Renta.”