On April 1st 2020, the 2019 Income Tax campaign officially begins

Despite the coronavirus health crisis, the Spanish Treasury maintains its schedule for the 2019 Income Tax declarations. On April 1st 2020, the campaign officially starts and ends on June 30th.

The Pérez Parras Economists and Lawyers Firm wish to communicate the main news of this atypical campaign that begins in full confinement due to the coronavirus epidemic.

Watch our next video to get an explanation of the most relevant and novel aspects of the 2019 Income Tax Campaign:

From April 1st, taxpayers can declare their 2019 Income and Assets using the following channels:

• Through the internet at www.agenciatributaria.es in the “Renta WEB” processing service.
• Through the app.
• With the “we call you” programme, for those who want to file their Income Tax return by phone.

This last route can be requested from May 5th and the Tax Agency will call you from May 7th.

With respect to face-to-face service in offices, the Tax Administration maintains the start on May 13th, by appointment, which can be requested from May 5th.

Main news for the 2019 Income Tax campaign

Despite various news issued by the Government for the 2019 Income Tax campaign, the truth is that not all measures have been formalised.

Some of the main legislative developments to take into account in the personal Income Tax declaration (IRPF) are the following:

– Taxpayers who receive full income from work get the excluding limit of 14,000.00 Euros when declaring their income in the following cases:

1. The income comes from more than one source.
2. When a spouse receives compensatory alimonies or non-exempt food annuities.
3. If the employer is not obliged to make deductions from the wages.
4. When the work income is subject to a fixed rate of withholding.

– Rebate when obtaining income from personal work.

The amount of reduction for obtaining income from work is increased (up to 5,565 euros per year) and the threshold of net income from work (up to 16,825 euros).

– Accounting and registry obligations for economic activities.

As of January 1st 2019, taxpayers who carry out business activities are required to keep registration books.

– Awards equal to or less than 20,000 euros will be exempt for the 2019 financial year.

These are a few of the main innovations, but there are many more that have been included in the 2019 Income Tax manual.

Taxation of tourist apartments in the Income statement.

We have moved on one more year, but, as previously mentioned in our 2018 Income Tax Post, we remind you of the importance of declaring your earnings from tourist rentals in the Income statement.

The Pérez Parras Economists & Lawyers Firm in Málaga and Nerja consists of a great team of experts in the area of personal Income Tax and tourist apartments taxation.

Depend on us to draw up your tax return, and much more!