1. Do you know the 2023 fiscal calendar?
El fiscal calendar 2023 is already around the corner.
Therefore, it is crucial to know the dates of payment of taxes.
In this way, we will be able to better plan our treasury and we will be able to face the payment without incident.
To correctly plan tax payments and help you prevent any unforeseen event, we recommend establishing an appropriate tax strategy for your business.
2. Why should you anticipate tax payments?
Closing your eyes to reality places you at a clear disadvantage in the business world and can negatively affect the financing your business.
Without correct planning of the treasury, it is impossible to have liquidity to face the payment of taxes.
If there is no other choice, you can always defer payment.
The Tax Agency allows you to do so, but its costs and interests are remarkably high.
Generally, it is usually more advisable to resort to a external business financing.
3. How to have immediate liquidity to pay taxes?
As we have mentioned, you must act prudently, sensibly and with knowledge of the facts. Only if you keep in mind what is the 2023 fiscal calendar You will be able to effectively plan the payment of taxes without unnecessary shocks.
Regarding quarterly VAT payments, remember that by issuing invoices to your clients, you obtain a part of the income that is not really yours. Depending on the activity, they correspond to 4, 10 or 21%.
Therefore, you should create a VAT piggy bank, it is say, "save" and consider those amounts untouchable. If you carry out intra-community operations in a situation of equivalence surcharge, you must also take into account the payment of VAT.
On the other hand, personal income tax takes around 20% of what you generate. So, save that game too. Do the same with rental withholdings (19%) and payroll.
Administer and manage immediate liquidity of a company requires keeping the accounts in an orderly manner.
Likewise, control the treasury and execute a plan of business financing they become essential procedures for survival.
4. What are the key dates of the 2023 fiscal calendar?
The main tax dates for the self-employed and SMEs that you should know about in terms of tax payments are:
4.1. Tax Calendar January 2023
– Until the 20th. Forms 111 and 115. That is to say, quarterly declarations of personnel and professionals, and rental withholdings, respectively.
– Until 31. Models 303 (VAT quarter), 130 and 131 (fractional income tax payment), 390 (VAT annual summary) and 180 (annual rental withholding summary). You must also process model 190 (annual summary of 111) and 184 (income, expenses and profit of certain non-commercial companies). Lastly, number 349 is a summary of intra-community declarations.
4.2. Fiscal Calendar February 2023
Until the 28th Model 347 can be presented, corresponding to the annual declaration of the previous year.
4.3. Fiscal Calendar March 2023
Model 720 collects information on assets and rights located outside of Spain. The deadline is the Winners will be announced in March.
4.4. Fiscal Calendar April 2023
The declarations of the first quarter of 2023 must be delivered in this month. In the first fortnight, you can already present the model 100 or income tax (draft on the Internet), as well as the model 720 on assets and rights abroad.
Until April 20, you have to comply with several taxes the same as in January:
– Models 111, 115 and 303.
– Models 130, 131, 202 (fractional payment of Corporate Tax), 309 and 349.
4.5. Fiscal Calendar May 2023
From the beginning of May to June 30, income presentation (model 100).
4.6. Tax Calendar June 2023
The rent term expires on the last day of the month. Besides, until June 24, it touches the wealth tax (model 714).
4.7. Fiscal Calendar July 2023
The cycle repeats: until 20, models 111, 115, 303, 130, 131, 309, 349 and 369. The Corporation Tax (200) is limited to Day 25.
4.8. Fiscal Calendar October 2023
correspond the third quarter statements. Again, the models 111, 115, 303, 130, 131, 202, 349 and 369.
4.9. Fiscal Calendar November 2023
Until the 2th, you must declare about the rental of tourist homes in Spain (model 179). On the 5th, if the payment was divided, the date of payment of the Rent ends. In addition, before 30, it is appropriate to present models 232 and 303.
4.10. Fiscal Calendar December 2023
The last month of the year includes the management of model 202, corresponding to the Income of Non-Residents.
As you can see, there are many dates that you must keep in mind if you do not want to have liquidity problems in paying taxes.
Therefore, we recommend you to meticulously contemplate the fiscal calendar 2023 in your business routine.
At WorkCapital, we will be happy to help you overcome these stressful periods through promissory note discounting or invoice advances.
We encourage you to contact us, without obligation.
We will provide you with all the information you need so that your business enjoys good financial health.
