Errors in income statements that cost more than 30,000 Euros can be costly

Get started with the countdown. It is only a week before the deadline when taxpayers must submit accounts to the Treasury. A survey by TaxScouts revealed that half of Spanish citizens are scared of making mistakes that could lead to a fine from Treasury, despite the fact that the procedure is repeated each year. These are the most serious mistakes to avoid in order to not be subject to sanctions, which can sometimes reach as high as 30,000 euros.

A surcharge of 100 euro will apply if a taxpayer files the required declaration before the Treasury and it is due to be returned. The surcharge increases depending on the amount of time it is delayed: 5% if filed later, 10% if it takes 6 months, or 20% if it takes longer than one year.

If the Treasury requests that the Treasury pay the required declaration, a fine can be imposed. It will depend on whether the infraction is serious or minor. The amount to be paid could be anywhere from 50% to 150%. . The TaxScouts experts recall that if the Treasury asks for the result to be returned, then the amount will be returned but a 200 euro penalty will be imposed.

The Tax Agency can not impose penalties on income mistakes. However, it may do so if the taxpayer is able to resolve the problem. The Tax Agency will apply a surcharge based on the time the error was corrected. Experts state that the surcharge for errors after 3 months is 5%, 6 months is 10%, 12 months is 15%, and 20 percent after that time.

Any invoices, supporting documents or documents that are illegal or represent a benefit to the taxpayer in the Income statement of more than 3000 euros could be subjected to a penalty between 50% and 100%.

The fine could be increased to 150% if fraud is committed by the taxpayer. This is a serious offense.

If the taxpayer defrauds the Treasury using fraudulent methods, the case will be treated as a serious offense and can result in a penalty of up to 15% depending on the extent of the damage.

If the fraudster is a millionaire, fines may include penalties like public assistance, subsidies, or professional suspension.