It is hereby informed that the Personal Income Tax (IRPF) declaration campaign for the fiscal year 2023 has been officially launched. From April 3rd to July 1st, 2024, taxpayers in Spain are obligated to file their Income Tax returns. It is relevant to note that the Tax Agency has introduced changes to the IRPF for the fiscal… Continue reading Announcement for the 2023 Income Tax Campaign
Tag: self-employed
Tax advisor: The Supreme Court allows the self-employed to deduct late payment interest paid to the Treasury in their personal income tax return.
The recent Supreme Court ruling no. 1091/2023, dated July 24, establishes that, in the field of Personal Income Tax (IRPF), late payment interest related to the taxpayer’s economic activities, whether derived from income verification settlements or suspensions of contested administrative acts, are considered tax-deductible expenses. This interest, classified as financial expenses, is subject to the… Continue reading Tax advisor: The Supreme Court allows the self-employed to deduct late payment interest paid to the Treasury in their personal income tax return.
Tax advisor: Who can apply to the objective valuation regime for the self-employed?
When a self-employed person must comply with Personal Income Tax (IRPF), there are three methods available: the standard direct valuation, the simplified direct valuation and the objective valuation, also known as the module system. We will focus on the latter option. Although it has faced debates and proposals for elimination, the module system is still… Continue reading Tax advisor: Who can apply to the objective valuation regime for the self-employed?
