serveco

The Spanish Tax office has implemented a new procedure to speed up and ease the devolutions of tax returns subjected to any kind of examination. The name of the procedure is called "Verifica" (Verify).

With your tax reference number, you can check whether the Tax office considers if you have the profile to be included in this new procedure or not. If you are, and always considering you have an electronic signature or a PIN 24hours, you will be able to:

• If you agree with the incidences that the Tax office has detected, you can give conformity to them and the devolution calculated by the Tax office will be ordered automatically.

• If not, you could submit allegations to the objections the Tax office has. The advantage is that IS YOU the one that initiate the official procedure to obtain the devolution whenever you want, and you won´t have to wait until the Tax office decides to check your tax declaration.

In general terms and for everybody, is approved the exemption of the possible capital gain that could arise because of the transmission of the habitual dwelling of the debtor to the bank, to call off the loan obtained to pay the property. This with effect from January the 1st of 2014 and for transactions made in the last four years.

Therefore, in case you declared a revenue for this, you can apply for the revision of your income tax declaration to obtain back the tax paid back then. In exactly same terms for the “plusvalía” due to the Town Hall.

Probably the introduction of this tax measure in the Income Tax is something more of a wink to the society than effectiveness on pocket of citizens affected by a bank execution, as the value of the property now is much lower than it was when it was originally bought, but it could really have some economic effect on the “plusvalía” tax due to the Town Hall, as the rules to calculate the “profit” arisen with the bank execution of the property had nothing to do with the real economy of the transaction, and therefore the citizen affected by forced transmission of the property of its habitual dwelling could be given back the tax paid, or at least to obtain the nullity of the tax debt arisen when it happened.

With the arrival of summer time, we remind you that if you are obliged to receive electronic notifications from the Spanish Tax office, you have the possibility to request from the Tax Office what days you don't want to receive any from IT.

For that you should go into the web page of the Tax office and click the following route:

Electronic Office > Other Services> Notifications>Electronic Notifications>Request for days on which notifications will not be sent to the Provided Email Address

Once there, mark the days you don’t want to receive electronic notifications and as novelty of this year you have the possibility to inform about the days of 2015 you don't want to receive notifications either.