For the more than 3.3 million self-employed in Spain, the last quarter of the year involves a series of tax obligations before closing the fiscal year. Self-employed workers must pay attention to their tax calendar to avoid penalties and correctly comply with their obligations. Among the most important deadlines are the submission of the second payment of the Income Tax return, the quarterly VAT self-assessments and the withholding tax declarations.
November: Second payment of Income Tax and intra-community operations
This month, one of the most important dates was November 5
strong>, which marks the last day to enter the second payment of theIncome Tax Return for those self-employed workers who decided to split the payment. Those who chose direct debit should ensure that their account has sufficient funds to avoid surcharges.
In addition, November 20 is This is important for those who carry out intra-community operations, as it is the deadline for submitting form 349, which includes operations for the purchase and sale of goods or services with other countries in the European Union.
December: Latest VAT and Corporate Tax procedures
In December, self-employed workers will have to concentrate on two important dates. The first is December 2, when the deadline for submitting the VAT self-assessment form 303 corresponding to November expires for those who submit VAT monthly.
The next important date is December 20, the last day to submit the model < strong>202of the Corporate Tax. This obligation affects all companies that obtained a positive result in the corporate tax for the year 2023, allowing them to make advance payments for the corporate tax for the year 2024.
The Tax Current Account and payment planning
A useful tool for the tax management of the The Tax Current Account (CCT) is the most important system for self-employed workers, and it allows them to offset outstanding debts with the Treasury through automatic refunds. This can alleviate the tax burden in times of lower liquidity. Self-employed workers interested in registering for this system must do so before October 30.The CCT is especially beneficial for those who have variable income and expenses, as it facilitates the automatic compensation of taxes.
In addition, those who opt for direct debit For their taxes, they should review their accounts in advance to ensure they have sufficient balance and avoid late payment fees. Planning ahead in November and December is essential to comply with all tax obligations without incurring penalties.