Importance of the income statement in Spain
The income statement is a vital procedure for most Spanish citizens, as it not only determines their tax responsibilities, but can also influence their economic benefits. Each year, taxpayers are immersed in a sea of doubts about the income tax of individuals (IRPF), and this is where the figure of professionals like Benja Anglès becomes essential.
Starting the Income Campaign: Practical Tips
With the start of the 2024-2025 income campaign on April 2, English shares crucial advice for those who face their statement. Through the portal of the Open University of Catalonia, interested parties can find useful guidelines.
Avoid the last minute
One of the most common warnings is not to leave the statement for the last moment. Although it may seem like a trivial council, the rush may result in significant errors. English emphasizes the importance of taking the time needed to review every detail carefully.
Exhaustive Review of Data
Accessing income draft is just the first step. It is essential for taxpayers to verify every data meticulously. The Tax Agency can prepare an initial draft, but it does not always reflect the tax reality of each individual. Therefore, reviewing and updating information is essential.
Personal and bank details: a special focus
English emphasizes that the accuracy of personal and bank data is essential. Errors in this information can lead to complications with the Treasury, especially if the statement implies a payment. The responsibility is on the taxpayer to make sure everything is correct before submitting.
New Tax Requirements: Cryptocurrencies and More
The tax landscape has evolved in recent years, with new obligations that taxpayers must take into account. Cryptocurrencies like Bitcoin and Ethereum, as well as sales of online products on second -hand platforms, must be declared. English recalls that these activities, though small, should not be ignored.
Keep records: a necessary practice
Once the declaration has been submitted, the responsibility is not over. English recommends keeping all related documentation, including invoices and other evidences that justify deductions. This precaution is essential, as the Treasury may require this information for the following five years.
Income statement as an opportunity
Despite the complexity that you can involve, follow the advice of experts like Benja Anglès can make the process more manageable and efficient. From the detailed review of the draft to the Document Archive, each step has been essential to ensure that taxpayers fulfill their tax obligations and optimize their benefits.
