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The Treasury will launch a project that will allow companies to make the declaration of Value Added Tax (VAT) through a draft system, similar to that already existing for the Income Tax for Individuals (Personal Income Tax) and with which you want to facilitate the process, especially for small businesses.
The measure is part of the strategic plan of the Tax Agency 2019-2020 that today has been advanced by the Minister of Finance, María Jesús Montero, before inaugurating the annual congress of State Treasury Inspectors, and will be launched already next year although at the moment it will only be available for a small number of taxpayers included in the Immediate Supply of Information (SII) of VAT. "It is specially designed for small businesses," he added.
"The measure would have a first pilot project already in the self-assessment of VAT to be presented in February, with the availability of drafts for a small group of taxpayers," deepens the Strategic Plan. "This measure is not only about providing a better service to taxpayers under the system, but also to expand the number of taxpayers who voluntarily benefit from IBS by offering them better services," he adds.
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Know more- Personal income tax
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