Thursday 7 June 2012

INCOME TAX REFUND DEADLINE



In case you are fiscal resident in Spain and one of the taxpayers who is able to get a refund from his Annual Income tax, you need to know that in order to get that money back in your bank account, the Spanish Tax Office has 6 months from the last day of the tax declaration period (2nd July this year) in order to refund the money to the citizens.

If you are lucky you may not have to wait until 2013 to get the money, but you should know that in case the Tax Office has not pay you the money back, from that 6 months period on, they will pay you interest over the amount you have to receive. (Now the interest rate is set at 5%).

In case you need to check the status of your refund during the year, visit us and we will glad to offer you our services.