The deadline for the presentation of the Income Tax Return for 2017 began last April and will end on July 2, 2018, although for income with direct debit payments the deadline will finish on June 27, 2018.
All individuals with tax residency in Spain who receive any type of income are required to present the 2017 Income Tax Return.
The tax regulations establish that taxpayers who obtain income of the following nature and amount are exempt from filing the tax return:
Those people who have received, exclusively, paid income of less than 22,000 Euros per annum, with the following conditions:
a) The 22,000 Euros per year must proceed from a single payer.
b) If there are several payers, the sum proceeding from the second payer and third payer together must not exceed 1,500 Euros. This would imply that if 20,500 Euros have been collected from a payer and 1,500 Euros from two or more payers, there is no obligation to declare.
Those people who have received paid income of less than 12,000 Euros per year, with the following conditions:
a) When the returns come from more than one payer.
b) When compensatory pensions of the spouse or annuities are received for non-exempt food.
c) When the payer of the work income is not obliged to retain taxes.
d) When full income from work is received subject to a withholding tax rate.
Those persons who have received full income from movable capital and capital gains subject to withholding when the total amount does not exceed 1,600 Euros per year.
Lastly, for real estate income, Treasury Bill yields and subsidies for the acquisition of officially protected or priced controlled homes must not exceed 1,000 Euros a year all in all.
Despite these exemptions to present the income tax return, all taxpayers who want to exercise their right to deductions (deduction for investment in a main residence, deduction for international double taxation, etc.) and reductions (for contributions to pension plans, insured pension plans, mutual pension funds, etc.), must necessarily present the income tax return declaration to exercise their rights to the deductions and reductions that correspond to them.
