Tax debt deferral and installment payment
Right to request from the AEAT deferred payment of tax debts when the financial situation temporarily prevents payment. Withholdings and advance payments, and collected VAT, cannot be deferred (with exceptions). Late payment interest accrues. Deferral may be secured by bank guarantee, mortgage or surety bond.
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Other Tax law terms
Mandatory electronic invoicing system from AEAT requiring invoicing software to guarantee integrity, preservation, traceability and unalterability of billing records.
AEAT procedure to verify compliance with tax obligations. The taxpayer has the right to legal counsel, copies of proceedings and a maximum 18-month timeframe.
Quantity resulting from measuring the taxable event, to which the tax rate is applied to determine the tax liability. Example: in personal income tax, it is the sum of net income minus reductions.
Legal assumption whose occurrence gives rise to the tax obligation. Example: in VAT, delivery of goods or provision of services; in property transfer tax, transfer of real estate.
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