2016 Income Tax: Request for rectification of filed self-assessment tax return

As a new feature of the 2016 self assessment option, a new specific section has been included for requesting rectification of self assessments. If the taxpayer selects box 127, rectification request, the self assessment itself serves as the self-assessment rectification request, according to article 126 of the General Regulations for tax management and inspection activities and procedures and the standards for the tax application procedures approved by Royal Decree 1065/2007 of 27 July.
Access options:In the "2016 Income Tax website", under "MORE PROCEDURES", you ...

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2016 Income Tax: Taxation of refunds on FLOOR CLAUSES

2016 Income Tax: Taxation of refunds on FLOOR CLAUSES
A new forty-fourth additional condition is added to Act 35/2006, of 28 November, on Personal Income Tax and the partial modification of acts on Corporation Tax, on Income Tax for Non-Residents and on Wealth Tax.
The aim of this additional condition is to regulate the tax effects of the refunding by financial entities of interest already paid by taxpayers as a result of interest rate limitation clauses on loans certified with them, whether the refunds arise from an agreement between the parties or as a result of a court order or an ...

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Who is obliged to make a tax return?

Who is obliged to make a tax return?
* All individuals resident in Spain are obliged to make a tax return (whether by confirming a draft on Renta WEB or filing a return), except those who have received income exclusively from:
1. Personal earned income equal to or less than 22,000 euros a year:
* Provided it comes from a single payer.
* When there are several payers, provided the sum of the second and subsequent payers in order of amount does not exceed the sum of 1,500 euros ...

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