Transitory economic measures approved by the Spanish Government due to Covid-19

 In TAX NEWS

Since January 30, the World Health Organization declared that the situation caused by COVID-19 represents a public health emergency of global importance. For such reason the governments worldwide have been reaction by adopting measures in the field of the economy and public health.

At the level of the European Union, the Heads of States and Governments held an extraordinary European Council on March 10th, in order to analyse the situation in the Member States and reiterate the need for a common European approach, taking the necessary measures and acting quickly. In this sense, the European Council identified four priorities:

  1. First: Limit the spread of the virus
  2. Second: Supply of medical equipment.
  3. Third: Promotion of medical research
  4. Fourth: Take action for socio-economic consequences.

Particularly in Spain, on March 13, 2020 the state of alarm was declared throughout the Spanish territory and with it, the Royal Decree-Law 7/2020, of March 12, was published in the Official State Gazette, by which urgent measures were taken to respond to the economic impact of COVID-19.

Analysing this Royal Decree in depth, we should highlight Chapter IV, dedicated to transitory financial support measures.

Pursuant to article 14 of this Royal Decree-Law, is established the concession of deferment of the tax debt in the field of state taxes. In particular:

  1. The deferral of the payment of the tax debt corresponding to those declarations-settlements and self-assessments whose deadline for submission ends between March 13th and May 30th.

 

  1. The debts subject to deferment cannot exceed the amount of 30,000 euros according to Order HAP / 2178/2015, October 9th.

 

  1. This deferment will also be applicable to tax debts that, in a normal situation, would not be subject to deferment:
    • Tax debts related to withholding tax to be complied by the withholder.
    • The tax debt related to taxes that must be charged.
    • The ones corresponding to the taxpayer of payment on accounts of the Corporate Income Tax.

 

  1. It is only allowed to request the deferment according to these terms by a debtor who is a person or entity with a volume of operations not exceeding 6,010,121.04 euros in 2019.

 

  1. Lastly, the period of deferment will be six months and interest will not be accrued for late payment during the first three months of deferment.

 

In this same sense, a special mention must be made to Royal Decree 463/2020, of March 14, declaring the state of alarm for the management of the health crisis situation caused by COVID-19, which, through from its Second, Third and Fourth Additional Provisions, the procedural and administrative terms are suspended, as well as the limitation and expiration terms.

Lastly, it should be noted that the Tax Agency Offices are temporarily closed for citizens services and a legal regulation is being processed with the extension of the deadlines to carry out procedures.

In any case, Diligens is fully operative, providing services to the clients and ready to assist in whatever is requested.

Do not hesitate to contact at info@diligens.es

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