{"id":18975,"date":"2017-01-10T09:18:22","date_gmt":"2017-01-10T08:18:22","guid":{"rendered":"https:\/\/etl-ilia.es\/general\/cambios-aplazar-pago-de-impuestos-en-2017\/"},"modified":"2024-07-26T18:20:09","modified_gmt":"2024-07-26T16:20:09","slug":"changes-defer-tax-payments-2017","status":"publish","type":"post","link":"https:\/\/etl-ilia.es\/en\/tax-advice-blog\/changes-defer-tax-payments-2017\/","title":{"rendered":"Changes to defer tax payments in 2017"},"content":{"rendered":"

We’re starting the year by telling you about the changes that come into effect in 2017<\/strong> for deferring tax payments.<\/p>\n

Until now, requesting a deferral of tax payments was relatively easy. However, things will change from now on, and we regret to tell you that it will not be possible to defer tax payments.<\/p>\n

Companies must be updated with almost all their <\/strong> taxes. The cases in which they can be deferred are drastically reduced. Below, we tell you everything you need to know so you are aware of the situation.<\/p>\n

Background<\/strong><\/h2>\n

In 2016, it was simple enough for a company to defer tax payments. The legislation allowed for a request for a deferral in a pervasive case in companies:<\/p>\n

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  • Temporary lack of liquidity:<\/strong> If a company was experiencing a period of lack of liquidity, a deferral could be requested to make the payment effective once liquidity had been recovered.<\/li>\n
  • Debts exceeding \u20ac30,000<\/strong>: a deferral could also be requested, but unlike the previous case, payment guarantees were required.<\/li>\n<\/ul>\n

    These cases allowed for a request for a deferral of tax payment, but now, with the arrival of 2017, companies must consider that things will no longer be the same.<\/p>\n

    What has changed in 2017?<\/strong><\/h2>\n

    Mainly, it has become much more restrictive<\/strong>. There are new cases in which deferring tax payments is not allowed, so you should know them all to avoid sanctions for not knowing the new legislation.<\/p>\n

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    • Withholdings made<\/strong>: on income from work, professional activities, interest, dividends, etc. The company’s guarantee is no longer of interest to the tax agency; although the company may go bankrupt, it should not stop paying; it is a big change and a possible problem for thousands of SMEs in this country.<\/li>\n
    • Debts suspended due to filing an appeal<\/strong>: from now on, once the procedure is resolved and there is a firm resolution, payment will be required without being able to request a deferral.<\/li>\n
    • Debts for split payment of corporate tax<\/strong>: it will no longer be possible to split the payment. However, it is possible to continue deferring taxes on fractional payments by entrepreneurs in direct or objective estimation.<\/li>\n<\/ul>\n

      The tax charged is still being discussed; as soon as something definitive is known, we will inform you in detail.<\/p>\n

      Deferring VAT<\/strong><\/h2>\n

      In principle, the deferral of VAT will be prohibited. Fortunately, a situation has been established in which it can be deferred. If the company justifies that the charged quotas have not yet been collected, it can defer payment. <\/strong><\/p>\n

      A new payment date must then be proposed that aligns with the time when the outstanding quotas will be collected<\/strong>. An approximation will have to be established since it is difficult to know the exact day the payment of outstanding quotas will occur.<\/p>\n

      Conclusions<\/strong><\/h2>\n

      These new tax deferral cases are not negotiable<\/strong>. Please do not ask to defer payments in the abovementioned cases, as they will be denied. The application will be declared inadmissible, and if the payment deadline is exceeded, a fine of up to 20% interest will be imposed.<\/p>\n

      This new way of paying taxes is going to bring many headaches. Therefore, the best thing to do is to trust a professional.<\/p>\n

      We are at your disposal for any questions you may have, and if you can leave a comment or provide information, it will undoubtedly be welcome.<\/p>\n

      If you need to know more, you can consult our Tax Advice<\/a><\/strong> service.<\/p>\n<\/div><\/div><\/div><\/div><\/div>