1. Model 190: Requirements and Presentation to comply with your tax obligations
The Model 190 is a document that is used to declare the work income that employers pay to their employees during the year.
This document is of great importance, since it allows the Tax Administration to carry out the final liquidation of the IRPF.
In this blog, we are going to describe the necessary requirements for your presentation and how to do it.
2. What is Model 190?
The Model 190 is a tax document that is used to declare the work income that employers pay to their employees during the year.
3. Who must present Form 190?
All companies that have employees who are subject to personal income tax withholding are required to submit Form 190. This includes companies that have employees, as well as companies that have self-employed workers.
4. What information should be included in Form 190?
The Model 190 must contain detailed information about the company's workers, the salaries they have received during the year, the withholdings made and the Social Security contributions.
It must also include information on the perceptions and withholdings that have been made for other concepts, severance pay, unemployment benefits, Social Security benefits, etc.
In order to complete Form 190 correctly, it is necessary to have all the information about the employees, such as their first and last names, their tax identification number, the amount of money they have earned, the withholdings that have been made, as well as detailed information about the concepts that have been paid and withholdings that have been made for each concept.
5. What is the deadline to submit Form 190?
The term to present the Model 190 is from January 1 to 31 of the following year to which the declaration refers.
It is important to bear in mind that this period cannot be extended and that statements outside of this period are not accepted.
6. How is the Model 190 presented?
The Form 190 is presented electronically through the electronic headquarters of the Tax Agency.
In order to present the model, it is necessary to have a digital certificate or Cl@vePIN. If the company does not have access to the electronic headquarters, it can also present the paper model at an office of the Tax Agency.
Before submitting the Form 190, it is important to review all the data that has been included and make sure that it is correct.
7. What sanctions are applied if the Model 190 is not presented?
If the company does not present the Model 190 within the established term, economic sanctions may be applied.
The penalty for submitting the model after the deadline is 200 euros for each piece of data or set of data that must be included in the model. In addition, if the company does not present the model within the established period, it may also be subject to a tax inspection.
It is important to highlight that the presentation of Form 190 is a legal obligation and that failure to present it may have negative consequences for the company. Therefore, it is essential to comply with the established deadlines and present the model correctly and completely.
In conclusion, Model 190 is a very important document for companies that have employees subject to personal income tax withholding.
It is necessary to comply with the established requirements and present the model within the established period to avoid sanctions and possible tax inspections.
For this reason, it is advisable to have the help of a tax advisor who can guide the company in the presentation of the model and guarantee that all tax obligations are met.
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