Submit the income tax return after the deadline, beyond the deadline of June 30, has its consequences. Whether due to carelessness or an intentional decision, the truth is that the Treasury can initiate a sanctioning process. Ignorance of the obligation to declare or thinking that the amount to be paid to the Treasury is low is what, on some occasions, has led some taxpayers not to present the statement within the stipulated period.
Failure to submit the statement within the stipulated period may be considered a minor infraction with fines between 100 and 400 euros. In the case of having a return to be returned, if it is submitted after the deadline, the penalty will be reduced by 50% and, as occurs with traffic penalties, if the taxpayer does not appeal, the penalty will have a 30% bonus. However, if you open a sanctioning processmore money will have to be paid than what is received by the Treasury.
income statements expire four years after filing. If the deadline was not met in this exercise, the Treasury has until 2026 to claim the taxpayer’s obligation. Of course, in the event that the declaration is to be paid to the Treasury, the consequences will be more onerous. If it is the taxpayer who comes to present the declaration after the deadline, the following penalty percentages must be added to the result:
-During the next three months at the end of the term: 5% of the amount deposited. In this case, there will be no default interest or penalty.
–Between three months and one day and six months: The 10% of the amount deposited. There will be no penalty or late payment interest.
–Between six months and one day and 12 months: The 15% of the amount deposited. As in the previous cases, there will be no default interest or penalty.
–More than 12 months at the end of the declaration period: 20% of the amount deposited. In the latter case, the corresponding default interest will also be required. It is possible to reduce the surcharge of the amounts by 25% if it is paid within the period set by the Tax Agency.
In the event that it is the Treasury that has to address the taxpayer, an additional sanction is established that ranges from 50% to 150% of the amount to be paid, in addition to late payment interest for the time elapsed.