The Income Tax Return is the annual settlement form for Personal Income Tax.

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Who is obligated to file?

All natural person taxpayers resident in Spain are obligated to file, except those who have received exclusively income from:

1º Personal work income, equal to or less than €22,000/year from a single payer, or several as long as the sum of the second and subsequent by amount order does not exceed €1,500.

The limit will be €12,000/year if:

• There is more than one payer and the sum of amounts received from the second and remaining by amount order exceed €1,500/year.
• When compensatory pensions from spouse or non-exempt alimony annuities are received.
• When the payer of work income is not obligated to withhold.
• When gross work income subject to fixed withholding rate is received.

2º Income from movable capital and capital gains subject to withholding or payment on account, with a joint limit of €1,600 annually (except capital gains from transfers or redemptions of shares or participations in collective investment institutions where the withholding base should not be determined by the amount to be integrated into the taxable base).

3º Attributed real estate income, treasury bill income and subsidies for acquisition of officially protected or appraised price housing, with a joint limit of €1,000 annually.

When must the Income Tax Return be filed?

The Income Tax Return campaign usually begins in April and extends until late June. It’s important to mention that the Return does not affect the current year, but income obtained from January 1 to December 31 of the previous year.

What income is included in the Income Tax Return?

Mainly the following income is included:

• Work income.
• Income from movable capital.
• Income from real estate capital.
• Income from economic activities.
• Capital gains and losses.
• Income imputations and attributions established by law.

How can I file the Income Tax Return?

Right now, you can file your Return through several channels:

• In person by requesting prior appointment.
• Online through Renta Web.
• By phone with the “We Call You” option.
• From mobile using the AEAT app.
• Through a banking entity.

These are the options if you decide to file the Return yourself, but you can always ask for help from an expert advisor and avoid errors or unwanted surprises, and save some money by applying all corresponding deductions. ;)

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