One of the measures that can be taken to avoid making payments when we have refunds in our favor is to request a deferral. If we receive the refund agreement before the deferral installments begin to accrue, the refund will be offset against the debt and we will only have to pay if there is an excess in favor of the Tax Agency .
How does the tax current account work?
There is another mechanism that allows for offsetting credits (amounts in favour of the taxpayer) and debts: the tax current account . This is an account opened with the Administration in which both the amounts pending refund and the amounts pending payment are recorded, offsetting one against the other. In this way, the debts are extinguished, facilitating the fulfilment of the tax payment obligations.
The application for inclusion in canada whatsapp mobile phone number list the tax current account system must be submitted during the month of October of the year immediately preceding the year in which it is to take effect. To submit declarations by means of an application for annotation in the Tax Current Account, an electronic certificate is required.
In order to be eligible for this system, the taxpayer must be a creditor of the Tax Administration for continuous refunds , in addition to meeting a series of additional requirements:
Having the obligation to file VAT returns, income tax withholdings or corporate tax.
That the amount of the credits recognized during the year prior to the request for the current account is equivalent to at least 40% of the tax debts accrued in the same period of time.
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