The deadline for Corporate Tax is over

If your company’s financial year coincides with the calendar year,you must submit the Corporate Tax return during the first 25 calendar days of July .

If your company has a fiscal year other than the calendar year, you must submit the declaration within 25 calendar days, six months after the end of the tax period.

What is Corporate Tax?

Corporate Tax is a direct tax of a personal nature that taxes the income of companies and other legal entities.

• It is said to be direct because it taxes the obtaining of income as a direct manifestation of the economic capacity of the contributing company.
• It is personal in nature because it considers certain particular circumstances of each taxpayer to determine the amount to pay.

The companies subject to Corporate Tax have their residence or tax domicile in Spain. It is understood that companies that:

• They have been established by Spanish laws.
• Those that have their registered office in Spanish territory.
• Those whose effective management headquarters are in Spain.

Declarations to be filed in Corporate Tax

If you have to file Corporate Tax, the declarations that you must provide are the following:

• Form 200: annual corporate tax return. If your company’s financial year coincides with the calendar year, you must submit this form by July 25. Form 200 must be submitted even when no activity has been carried out during the year or income has not been obtained.
• Form 202: instalment payments of Corporate Tax. You must present this form in the event that you had a positive result in the last declaration of Form 200. It is presented in October, December, and April.
• Model 220: Applies to cases of groups of companies.

All these forms must be presented online in the case of limited companies, public limited companies, large companies or entities that must present the additional data form for the declaration.

What happens if you file your Corporate Tax return after the deadline?

If you have to submit the Corporate Tax declaration and due to an oversight you forget, you must act as soon as possible because in the case itself the Tax Administration makes a request, together with the interest for the delay, they may impose on you a sanction.

The interest that may be imposed depends on the time it took to submit the declaration and will consist of a surcharge between 5% and 20%.

If, as we said, the Treasury sends you a requirement before you submit the declaration after the deadline, they may sanction you.