More time to file and pay taxes due to COVID-19

Automatic summary, not yet reviewed

1. Deadlines for filing and paying tax returns that fall due from the entry into force of this rule until May 20, 2020 are extended to that date. If payment is by direct debit, the filing deadline is May 15, 2020.
2. The extension only applies to taxpayers whose 2019 turnover for VAT purposes did not exceed €600,000. Public administrations, including Social Security, are covered if their last approved annual budget does not exceed that amount.
3. The extension does not apply to tax groups using the consolidated tax regime or to groups of entities under the special VAT group regime, regardless of their size. Nor does it apply to customs declarations under the Union Customs Code.
4. Credits to cover COVID-19 expenses in areas executed by the autonomous communities can be released in a single payment instead of quarterly payments, once their final distribution is approved.
5. The Government and the Ministry of Finance may issue the rules needed to implement and enforce this royal decree-lawroyal decree-law A rule with the force of law that the Government passes because it is urgent. It applies from its publication, but the Congreso must validate it within 30 days or it lapses..
6. The rule enters into force on the same day it is published in the Official State Gazette (Boletín Oficial del Estado).

Who it affects

• Self-employed workers, small and medium businesses and other taxpayers with VAT turnover of up to €600,000 in 2019: They have more time, until May 20, 2020, to file and pay their tax returns.
• Public administrations, including Social Security, with an approved annual budget of up to €600,000: They also benefit from the deadline extension.
• Tax advisors and managers serving small businesses and the self-employed: It is easier for them to meet their clients' tax obligations during mobility restrictions.
• Tax groups under the consolidated regime and groups of entities under the special VAT regime: They are excluded from the deadline extension.
• Autonomous communities: They will receive COVID-19 funds in their areas of responsibility in a single payment.

Words worth knowing

Autoliquidación

Tax return that the taxpayer fills out and files themselves, not the tax agency.

Volumen de operaciones

Total invoiced by a business or self-employed person in a period, used to measure their size for VAT purposes.

Consolidación fiscal

Special regime under which a group of companies is taxed as a single entity.

Librar créditos

To pay or transfer public money from the State to another administration.

Real decreto-ley

Royal decree-law: a rule with the force of law that the Government can pass urgently in extraordinary situations.

royal decree-law

A rule with the force of law that the Government passes because it is urgent. It applies from its publication, but the Congreso must validate it within 30 days or it lapses.

decree-law

A rule with the force of law that the Government passes because it is urgent. It applies from its publication, but the Congreso must validate it within 30 days or it lapses.

It summarizes the law as published in the BOE. It is written by artificial intelligence and may contain mistakes: the official text is what counts. Read the official text · How we make summaries