One of the financial issues in which more doubts may arise are the Tax, since it is common that adults of all ages are not completely clear about the dates, quantities and description from each of them. If you have ever wondered if there is a way to keep track of your tax payment in a simple and effective way, you are in the right place.
Next, we will present you with a scheduled guide that includes the payments that we must make year after year, as well as a description of how to easily calculate them and when we must go to cover with this payment. If you want to know more about the different payments that you must make as a taxpayer so that they do not take us by surprise, we invite you to continue reading.
Income and Equity
La income statement It is probably the process that can cause us more stress, because the dates are very specific and we have to be aware of them in order to have all the necessary documentation and carry out the process on time. In order to fully understand what the income statement consists of, it is necessary that we know the following concept:
• Personal income tax:
It is a tax that must be paid by all Spanish citizens who obtain income either as an employee (such as employees) on their own (such as the self-employed, businessmen, liberal professionals, etc). Or for public benefits (retirement, unemployment, etc). As well as those who obtain income from capital gains obtained when selling or renting a house must pay it.
This is how by average personal income tax All the income obtained throughout the year prior to the income tax return will be added. This income can come from various sources, and must be regulated in the same way, this is how the usefulness of this procedure known as income statement arises. This administrative procedure must be carried out by all of us annually as the Treasury, and its result can be positive or negative. If the amount paid is greater than the income that we have registered with the Treasury, money will be returned to us, and if we have had more income than those registered, we will have to pay an established amount of money.
The key dates that you must keep in mind to correctly make your income statement are the following:
• In APRIL, the telematic services begin by means of which we will be able to begin to manage some procedures via the internet, as well as we will be able to obtain telephone information and other support services. Being more specific, from this date we can do the following:
- Get the reference number for the draft and the tax data online.
- Process the draft through the internet.
- Confirm and modify the draft as many times as necessary via the internet.
- Present income statements made with Renta Web
- File equity declarations.
• In MAY, the Pre-Appointment Service begins, and a few days later the face-to-face service will begin to prepare, modify and present the drafts and statements in offices.
• At the end of JUNE is the deadline to present the declaration with direct debit.
• You will have to present your income and wealth declaration before AUGUST begins.
• You will have until November to make the payment of the second installment of the Income Tax fee for the year you are filing.
Do not forget that there are different deductions that you can request so that your income statement does not become a very heavy economic burden, to which you are entitled. Check if your statements include insurance, union dues, donations to non-governmental organizations, pension or savings plans. In many of these cases you can be a creditor of tax benefits against your income statement and assets.
You can request information and answer your questions by telephone at the number 901 33 55 11 or at the number 91 554 87 70 from 9 a.m. to 19 p.m. from Monday to Friday
Vehicle tax
Just as in April we must keep in mind our income and wealth declarationWe must also consider the IVTM or Tax on Mechanical Traction Vehicles, which we also know simply as Circulation Tax. This tax is of the local and annual type, and all those natural and legal persons who own a mechanical traction vehicle are obliged to pay. We are talking about all those owners of cars, buses, tractors, motorcycles, trailers or trucks.
This tax is calculated depending on the parameters established depending on the type of vehicle we own, these being the following:
- Cars and tractors: tax horses (Tax horses is the unit of measurement that indicates the vehicle taxes depending on the number of cylinders in the car. We can find this measure in our Town Hall.)
- Trailers, semi-trailers and trucks: kilograms of payload
- Buses: number of seats.
- Mopeds and motorcycles: cubic centimeters of the engine.
Each town hall has different tables to calculate the taxes that correspond to pay each type of vehicle, so it is always best to obtain this amount by going directly to the town hall of your town. Also take into account that the dates to pay this tax also vary depending on where you are, so it is essential that you confirm this information at the beginning of the year, so that you are prepared to make the payment between April and June, which are the months in which this payment is generally requested.
Real Estate Tax
It is worth clarifying the characteristics that define a real estate: These are those goods that due to their characteristics are fixed in one place, and their transfer would be impossible or very difficult. This category includes land, buildings, roads, houses, etc. These can be registered in the Land Registry and can be mortgaged if necessary.
The IBI or Real Estate Tax is divided into Urban, Rustic and Special Features. This tax is also local, so each council will set the specific conditions and dates to comply with it. The tax affects any real estate we own or to which we have any rights and the way to calculate how to pay it is as follows:
We must first take into account the local tax rate, the cadastral value of our property, and the cadastral value of it. So that you do not get confused with these terms that are far from common language, we describe them below.
- Local tax rate: it is a rate that local councils define on an annual basis, so it changes depending on where you are and the year in which you are making your declaration.
- Cadastral Value: The economic value that your home reflects taking into account the value of the land and the building built.
This is how we will simply have to multiply both amounts and divide the result by 100 to know the amount of money that we will have to pay to cover with this tax. If, to mention an example, we say that our property has a cadastral value of 150000 Euros, and our type of tax rate is .465%, we will know that we have to pay 697,5 Euros to cover the Real Estate Tax.
It is important to take into account how much we are going to pay, but to know when is the time to pay we must take into account that each city council has its own calendar to request this tax, so as with the IVTM, you will have to be aware of the communications that are given in your locality so as not to lose the established opportunity and be able to comply with this payment.
A great advantage that IBM has is that we can go to any bank office with our documentation to make the payment, we can even request a direct debit, and that is how easy we will be reassured that we have complied with all our tax obligations.
Summary
To summarize specifically, the dates that we must have scheduled to be able to cover all our tax responsibilities in an intelligent way are the following:
- Income and equity declaration: APRIL MAY AND JUNE
- IVT: from APRIL to JUNE
- IBI: it will depend on each of the municipalities, so you will have to consult it locally.
Now you can realize that calculating your taxes is much easier than what you have been led to believe your whole life. We simply have to start the process early in order to collect all the information and documentation necessary to present the drafts and statements necessary to make the payment. Remember that it is extremely important that you know each of the dates to be met, so that you are a responsible taxpayer who manages to manage your personal finances so that the payment of this type of tax does not affect your pocket or unbalance you financially.
Take advantage of the fact that the year is just beginning to have all your documentation ready and get rid of problems as soon as possible. You will see that the process is much simpler and faster if you take conscious control of your taxes