Deadline extended for filing and payment of tax returns for SMEs and self-employed workers

On April 15, 2020, Royal Decree-Law 14/2020 was published in the BOE, extending the deadline for the filing and payment of certain tax returns and self-assessments. This extension benefits small and medium-sized companies and the self-employed, and refers to returns to be filed from April 15 to May 20, 2020.

The term extension is configured as follows:

1. Territorial jurisdiction: The extension of the deadline refers to tax obligations within the jurisdiction of the State Tax Administration.

2. Subjective scope: Taxpayers with a volume of operations not exceeding 600,000 euros in 2019 will benefit from this extension of the deadline. In the case of taxpayers that are considered public administrations, including the Social Security, it will be necessary that their last approved annual budget does not exceed the amount of 600,000 euros.

The following are expressly excluded:

a. Tax groups within the scope of corporate income tax, regardless of their net turnover.

b. Groups of entities taxed under the special VAT regime for groups of entities, regardless of their volume of operations.

3. Target scope: Tax returns and self-assessments due from April 15 to May 20, 2020. Declarations regulated by Regulation (EU) No. 952/2013 of the European Parliament and of the Council of 9 October 2013, adopting the Customs Code of the Union and/or its implementing regulations are excluded.

4. Deadline extension: The above declarations and self-settlements may be filed until May 20, 2020, unless the payment method chosen is direct debit, in which case the deadline is extended to May 15, although the account will be debited on May 20.