Medidas fiscales empresas COVID 19


Since the State of Alarm was decreed in Spain, we have maintained a positive mentality in the Law Firm. 


We stay at home, take responsibility and take care of ourselves, but we keep working and leading our companies. 


Are you worried? It’s normal, we all are. 


While it is true that the Spanish economy will be affected, we are convinced that as in every crisis we can reinvent ourselves and create new opportunities. Our life has already changed, and we cannot stagnate or come to a standby or hold.


For the time being, and with the aim of mitigating the economic effects caused by the COVID-19, the Spanish Government has adopted some measures in the field of taxation and tax for companies and self-employed workers. 


It is these measures that we want to inform you about in this post. 


The main tax and fiscal measures approved as of April 15 are as follows: 


  • Suspension of tax deadlines. 
  • Tax debt deferral up to 6 months 
  • Extension of the deadline to present and pay taxes until May 20. 


However, we remind you that we are at your disposal for you to contact us and send us your queries. 


What are the main tax measures for companies approved today? 


To date, three important measures have been approved at the fiscal and tax level:


Suspension of tax deadlines: The following tax deadlines are suspended:


  1. Deadlines for the payment of tax debts: 


  • Those resulting from settlements made by the Administration. 
  • Those resulting once the executive period has begun and the injunction has been notified. 


  1. The expiration of the terms and fractions of the agreements of postponement and fractioning granted. 


  1. The deadlines related to the development of the auctions and awarding of goods.
  2. The deadlines for dealing with requests, seizure proceedings and requests for information with tax implications that have not been completed by 18 March. 
  3. And the deadlines for attending to the requirements and requests for information made by the General Directorate of Catastre.


The deadlines indicated will be extended: 


  • Until 30 April 2020 for those deadlines not completed by 18 March. 
  • Until 20 May 2020 those who communicate after the entry into force of this measure. 


Deferral of tax debts up to 6 months: 


Deferral of tax debts without the need for guarantees is permitted up to 30,000 euros (as always). 


This postponement may be requested for: 


  • VAT 
  • Income Tax 
  • Payments on account of Corporate Tax. 


You can request a deferment of up to 6 months, with no interest accrued on the first three months. 


The requirement for granting the deferral is that your trading volume does not exceed 6.010.121,04 euros in the 2019 financial year. 


Extension of the deadline for submitting and paying taxes: 


The deadline for submitting taxes for the first quarter of 2020 has been extended to May 20. 


This extension affects all declarations (including informative ones) and self-assessments for which the deadline for submission is between 15 April and 20 May 2020.


In other words, VAT, personal income tax and corporation tax may be filed before 20 May instead of 20 April as usual. 


If the chosen form of payment is by direct debit, the deadline is 15 May. This measure is compatible with the request for a 6-month deferment of payment, with no interest accruing for the first 3 months. 


Therefore, the taxes corresponding to the first quarter of 2020 may be presented until 20 May 2020 and request the deferment of their payment, for a single fee, until 20 November. 


However, the possibility of delaying the presentation and entry until May 20 will not be applicable to: 


  1. Companies with a turnover of more than 600,000 euros in 2019. 
  2. Tax groups under the consolidated corporate tax regime (regardless of the net turnover) 
  3. Groups of entities that pay tax under the special regime for groups of entities for value added tax (regardless of the net turnover) 
  4. Nor does it apply to customs declarations. 


Although we are aware that these measures are not very far-reaching, they do provide a small oxygen reserve for SMEs and the self-employed. The aim must always be to keep the economy moving. 


Only with dedication can we get out of this with health and a less damaged economy. 


See you next week.


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