Bill would waive penalties on undeclared foreign pensions of returning emigrants

Automatic summary, not yet reviewed

1. The bill would allow returning emigrants to regularize, through a complementary tax return, foreign pensions they failed to declare, with no penalty, no late-payment interest and no surcharge.
2. The deadline to file these complementary returns would be the same as the deadline for the 2013 personal income taxincome tax The personal income tax (IRPF in Spain): what people pay on what they earn from work, business or savings. return.
3. If the Tax Agency had already opened audits, the resulting assessments would also carry no penalties, interest or surcharges. If the taxpayer had already paid them, the money would be refunded automatically.
4. Penalty proceedings already opened over these earnings would end without penalties. The law would take effect the day after its publication in the Official State Gazette.

Who it affects

• Returning emigrants who received foreign pensions and did not declare them in Spain.: They could regularize them without paying penalties, interest or surcharges.
• Elderly people with open penalty proceedings over these pensions.: Their proceedings would end without penalties.
• Those who already paid interest, surcharges or penalties on these earnings.: The money would be refunded automatically.

Words worth knowing

Comprobación limitada (limited audit)

A simple review by the Tax Agency to check a tax return, asking for data or documents.

Autoliquidación complementaria (complementary self-assessment)

A return filed by the taxpayer to correct or complete an earlier one.

Intereses de demora (late-payment interest)

Extra money owed for paying a tax late.

Recargo (surcharge)

An additional amount added to the tax debt when it is paid after the deadline.

De oficio (automatically)

The administration starts the process on its own, without the person requesting it.

income tax

The personal income tax (IRPF in Spain): what people pay on what they earn from work, business or savings.

It summarizes the text as it was introduced. It is written by artificial intelligence and may contain mistakes: the official text is what counts. Read the official text · How we make summaries