July is often a crucial time for meeting tax obligations in many countries. That’s why, in this blog post, we’ll address some common questions related to paying taxes in July 2023. Although tax regulations may vary by jurisdiction, we’ll try to provide general answers that are useful for most taxpayers.
1. What taxes are typically due in July 2023?
This month, some of the most common taxes due include income tax, value-added tax (VAT) or sales tax, and property tax.
However, it is essential to review each country’s specific tax laws, as well as each taxpayer’s individual circumstances, to confirm which taxes are due in July.
2. What is the deadline for filing and paying?
Deadlines may vary depending on the country and the type of tax. For this reason, it is essential to consult the relevant tax authority or refer to official tax calendars. In Spain, you can find this information at the following link.
INTRASTAT – Intra-Community Trade Statistics
June 2023. Entities required to submit statistical information
Income and Corporate Taxes
June 2023. Large Companies: 111, 115, 117, 123, 124, 126, 128, 216, 230
Second Quarter 2023: 111, 115, 117, 123, 124, 126, 128, 136, 210, 216
Income Tax Installment Payments
Second quarter of 2023:
-
-
Direct assessment: 130
-
Objective assessment: 131
-
VAT
June 2023. Summary Return for Intra-Community Transactions: 349
Second quarter of 2023. Reverse charge: 303
Second quarter of 2023. Non-periodic tax return and payment: 309
Second quarter of 2023. Summary return for intra-Community transactions: 349
Second quarter of 2023. Transactions Treated as Imports: 380
Request for refund of taxes reimbursed to travelers by businesses under the equivalence surcharge: 308
Refund of offsets under the Special Regime for Agriculture, Livestock, and Fishing: 341
Tax on Insurance Premiums
June 2023: 430
Excise Taxes on Manufacturing
April 2023. Large companies: 561, 562, 563
June 2023: 548, 566, 581
Second Quarter 2023: 521, 522, 547
Second quarter of 2023: Activities V1, F1: 553 (establishments authorized to maintain paper-based accounting records)
Second quarter of 2023. Refund requests: 506, 507, 508, 524, 572
Transaction reports by registered recipients, tax representatives, and authorized recipients: 510
Excise Tax on Electricity
June 2023. Large companies: 560
Second quarter of 2023. Except for large companies: 560
Environmental Taxes
June 2023. Excise tax on non-reusable plastic packaging. Self-assessment: 592
Second quarter of 2023. Tax on the storage of spent nuclear fuel and radioactive waste in centralized facilities. Installment payment: 585
Second quarter of 2023. Tax on fluorinated greenhouse gases. Self-assessment: 587
Second quarter of 2023. Excise tax on non-reusable plastic packaging. Self-assessment: 592
Second quarter of 2023. Excise tax on non-reusable plastic packaging. Refund request: A22
Second quarter of 2023. Tax on fluorinated greenhouse gases. Refund request: A23
Excise Tax on Coal
Second quarter of 2023: 595
Financial Transactions Tax
June 2023: 604
Contribution to be made by providers of television broadcasting services and by providers of video-sharing services via platforms operating nationwide or across more than one Autonomous Community
Installment Payment 2P 2023: 793
Corporate Income Tax and Nonresident Income Tax (permanent establishments and foreign-incorporated income entities with a presence in Spanish territory)
2022 Annual Tax Return. Entities whose tax year coincides with the calendar year: 200, 206, 220.
All other entities: within 25 calendar days following the six-month period after the end of the tax period.
Return on Capital Gains from the Conversion of Deferred Tax Assets into a Claim Against the Tax Authority
Year 2022. Entities whose tax period coincides with the calendar year: Form 221
All other entities: within 25 calendar days following the six-month period after the end of the tax period.
Annual Informative Return on Aid Received Under the Canary Islands Economic and Tax Regime and Other State Aid by taxpayers subject to Corporate Income Tax and Non-Resident Income Tax (permanent establishments and entities organized abroad with a presence in Spanish territory that are subject to income attribution)
Year 2022. Entities whose tax period coincides with the calendar year: 282
All other entities: within 25 calendar days following the six-month period after the end of the tax period.
VAT
June 2023. Reverse charge: 303
June 2023. Group of entities. Individual return: 322
June 2023. Group of entities, consolidated return: 353
June 2023. Single Window – Import Regime: 369
June 2023. Transactions Treated as Imports: 380
Second Quarter 2023: Single Window – Foreign and EU Regimes: 369
Tax Identification Number
Second quarter of 2023. Accounts and transactions whose holders have not provided their Tax Identification Number to credit institutions: 195
Tax on Deposits at Credit Institutions
Self-assessment 2022: 411
Installment payment. Self-assessment 2023: 410
Informative Return for Updating Certain Tradable Cross-Border Mechanisms
Second Quarter 2023: 235
Tax on Certain Digital Services
Second Quarter 2023: 490
Environmental Taxes
Second quarter of 2023. Tax on the disposal of waste in landfills, and on the incineration and co-incineration of waste. Self-assessment: 593
Temporary Solidarity Tax on Large Fortunes
Year 2022: 718
3. Is it possible to request an extension to file the tax return?
In certain jurisdictions, it is possible to request an extension to file your tax return. However, it is important to note that a filing extension does not always imply an extension of the payment deadline.
Therefore, it is recommended that you verify the specific conditions with your country’s tax authority and, if necessary, submit the request within the established deadline.
4. Are there any tax benefits or deductions available in July?
Tax benefits and deductions may depend on various factors, such as the taxpayer’s personal situation or the type of expense or investment made. In some countries, there are deductions for education, housing, healthcare, or technology investments, among others.
Consequently, it is advisable to check whether any incentives are available for this period and, if so, to take full advantage of them. To be on the safe side, consult a tax professional.
5. What should you do if you cannot pay your taxes?
If you cannot pay the full amount of taxes owed, it is essential to contact the tax authority as soon as possible. In many cases, payment plans or agreements can be arranged to help you meet your tax obligations. Here is the link to the Tax Agency’s website for requesting payment deferrals and installment plans.
Paying taxes is an important responsibility for all taxpayers, and July is often a key month for meeting these obligations. Ignoring taxes owed can result in fines or additional penalties, so it’s best to address the situation proactively.
Meeting your tax obligations in July is a responsibility that should not be taken lightly. Missing deadlines can lead to fines, surcharges, or additional penalties. Therefore, it is essential to stay informed and plan ahead.
Understanding deadlines, extension options, potential tax benefits, and payment alternatives will make it easier to fulfill your tax obligations. If you have any questions, it’s best to consult a tax advisor or contact the relevant tax authority directly.
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