What could be the consequences if you fail to pay the taxes on time?

Comply with tax obligations, and do it in the right time is very important because if not, the consequences could become very important.
The Tax Office provides a number of periods where settle taxes, but also have the option, in the worst case, to pay taxes late or later, although in these cases there are penalties and surcharges.


In case you have to pay a tax out of the deadline, first the Tax Authorities will apply the default interest, which in 2013 established the tax by 5%.

Now, if you file the tax declarations later statements penalties vary depending on the result of the tax declaration and whether who realizes the error are you or the administration.

Focusing on the tax return, do not deliver on time is a minor offense involving fines of 100 € and 400 € when the result is a refund. When the result is to pay, you will have to face a series of charges that depend on the time that has exceeded.
■ If it is less than three months, you will have a surcharge of 5% of the amount paid

■ If you have time between 3 and 6 months, the surcharge will be 10% of the amount paid

■ If you have spent between 6 and 12 months, the charge will be 15% of the amount paid

■ And finally if you spent more than a year, the surcharge will be 20% of the amount paid plus interest on arrears.

In case that the Tax Office notices the lack of presentation and requires you to fill up the form the surcharge will be 25% independently on the time from the deadline of the presentation. And also the tax authorities will start a procedure that could end with the application of a penalty.

For further details don’t hesitate to contact us