We explain what a supplementary declaration is and when you should submit it to correct errors in your tax returns.
Learn how to file supplementary tax returns for the main tax types: VAT, personal income tax and corporate tax.
We all make mistakes at some point, but we must be very careful with those we make when filing taxes . These can be very expensive.
If we detect errors in the presentation of the tax forms to which we are required, we must submit a supplementary declaration .
Start of marked textTWEET IT! To correct cyprus email list errors in our tax return, we will do so through a supplementary declaration. Learn what it is, how and when to file it.End of marked text
1) What is a supplementary declaration?
It is a procedure authorized by the Tax Agency that is used to correct errors made in previously submitted tax returns or liquidations.
Supplementary declarations must be made on the forms corresponding to the tax model and fiscal year that is the subject of regularization.
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2) Characteristics of the supplementary declarations
There must always be a previous self-assessment submitted to the supplementary self-assessment. The amount of the initial self-assessment will be deducted from the tax quota resulting from the supplementary self-assessment.
In the case of a supplementary self-assessment , there will be a refund of undue reimbursement and additional fee required by obligation and corresponding period.
In your submission you must state that it is a supplementary self-assessment , the tax obligation and the period to which it refers. All data must be entered, both new or modified and those included in the initial declaration.
Infographic on supplementary declarations
3) When should a supplementary declaration be submitted?
Supplementary declarations to those originally submitted must be submitted in the following cases:
When an error or omission is detected in declarations already submitted that have resulted in lower income than what would have been due.
When a refund is received that is greater than the amount due.
When unforeseen circumstances occur that result in the loss of the right to a reduction or exemption already applied in a previous declaration.
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4) Deadline for filing a supplementary declaration
If we detect an error in a tax form already submitted, we must hurry to submit a supplementary declaration.
This can occur:
Within the deadline established for submitting the declaration to be corrected . As long as we realize the error before the deadline for submitting the tax form ends.
After the deadline for filing the tax form . In the latter case, they are considered late and if there is an amount to be paid, they will be applied. If there has been no prior request for their presentation, the surcharges provided for in article 27 of the LGT will be applied.
5) Supplementary declaration in the Corporate Tax
If you want to modify a corporate income tax return that has already been submitted, you must complete Form 200 for the same tax period . In this form, you must select the supplementary declaration option . This field is located almost at the end of page 2 and you must enter the supporting document number of the previous declaration that you want to rectify.
This declaration must be submitted to pay the difference between the result of the previous declaration and the new or supplementary one. It is also necessary to submit this declaration in the event that the amount to be returned is less than the amount self-assessed.
Therefore, the declaration must include all the data requested in Form 200. The data that is the subject of a new declaration and those that were included in the declaration that is now being rectified must be included.
If the original declaration has resulted in an undue payment by the taxpayer, he or she may request a refund or request a correction of the declaration . Therefore, in such cases, the submission of supplementary declarations is not appropriate.
Infographic on supplementary declarations
Find out what a supplementary declaration is and when you should file it to correct errors in your tax returns.
6) Modification of the IRPF or supplementary declaration
If after filing your tax return you notice errors or omissions , you can modify it or file a supplementary return from Renta WEB.
We can carry out the rectification of the IRPF declaration provided that:
The tax authorities have not proceeded with the final or provisional liquidation for the same reason.
Four years have not elapsed since the day after the deadline for filing the return. Also, from the day after filing the return, if it was filed outside of the deadline.
