New Mandatory Corrective Self-Assessment Procedure for Taxes and Traditional Amendment Options

• Royal Decree 117/2024 provides guidance under Law 13/2023 for a new mandatory corrective self-assessment procedure in Spain.
• The procedure applies to taxpayers seeking to amend self-assessments for various taxes, including VAT, personal income tax, corporate tax, special taxes, and greenhouse gas effect fluorinated tax.
• The traditional self-assessment amendment procedure can be used in certain situations, such as when the amendment is based on a violation of a higher legal norm or international agreement.

Source: kpmg.com

Note that this post was (partially) written with the help of AI. It is always useful to review the original source material, and where needed to obtain (local) advice from a specialist.

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