Royal Decree-Law 7/2020 of 12 March regulates certain financial support measures, such as the DEFERRAL OF STATE-LEVEL TAX DEBTS for the self-employed and SMEs.
The payment of tax debts corresponding to tax returns and self-assessments with a filing and payment deadline between 13 March and 30 May, both inclusive, may be deferred, without the need to provide guarantees.
Conditions:
- Debt amount below 30,000 euros.
- The debtor’s turnover must not exceed 60,010,121.05 euros in 2019.
- The deferral will be for six months, with no late-payment interest accruing during the first three.
It may also be requested for withholdings, VAT and instalment payments which, under the ordinary rules, are not eligible for deferral.
IMPORTANT: The option to defer does not exempt you from the obligation to file the self-assessment through the usual procedure, ticking the option “acknowledgement of debt”.