Thousands of companies will have to settle their accounts for the years 2017, 2018 and 2019

In 2017, we published an article explaining the Non-Productive Assets Tax in Catalonia. If you'd like to learn more about it, we encourage you to consult it directly on our blog for complete details .

If it was published in 2017, why wasn't it being applied?

This tax was challenged by the Spanish government before the Constitutional Court in July 2017, but the High Court ruled in favor of the Catalan government, allowing it to implement the tax. With the approval of Decree Law 8/2019, of May 14, amending Law 6/2017, the regulations were brought into compliance with the Constitutional Court's ruling.

What are the main new features of this decree law?

We can list the following:

• The new decree regulates, through the modification of article 10, the deadline for submitting the self-assessment of the tax, which is established from June 1 to 30 of each year

• The three years already accrued (2017, 2018 and 2019), which must be settled, in an extraordinary manner, between October 1 and November 30 of this year

• The self-assessment must be submitted electronically, through the electronic headquarters of the Tax Agency of Catalonia

• Amendment to Article 8 for the application of new rates for calculating the tax quota

What was this tax created for?

The Catalan government, on its website Gencat.cat, states: “Thistax, which companies must pay, has an extra-fiscal purpose because it aims to encourage the alignment of the legal ownership of non-productive assets with their actual ownership. In this way, it seeks to achieve income redistribution and, at the same time, combat tax fraud, since it will prevent tax avoidance practices such as incorporating personal assets into corporate structures.”

Source: https://atc.gencat.cat/es/agencia/noticies/detall-noticia/20180516-ianp

With the reactivation that has occurred, Catalonia becomes the first autonomous community in Spain to apply a tax of this kind.

If you require our assistance to obtain more information or have any questions, please contact us via email at ambit@ambitassessor.com or at our offices.

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Francisco Romero

Tax and accounting consultant at Àmbit Assessor

With a degree in Business Administration and Finance, he combined his work as a consultant in the tax and accounting department of Gestart Assessores with his studies for ten years, primarily a degree in Business Administration and Management from the University of Barcelona. In March 2017, he joined Àmbit Assessor, SL as a tax and accounting consultant.

Latest posts by Francisco Romero (see all)

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