06 July 2012

On the last day of the 2011 personal income tax campaign (IRPF), the Spanish finance ministry announced that the tax office has now paid EUR6.1m (USD7.7m) in tax refunds to 10.2 million taxpayers.

According to the finance ministry, this years campaign has been marked by a notable acceleration in the pace of tax refunds, primarily attributable to the Internet as a means with which to swiftly process declarations.

The ministry notes that around 16.7 million IRPF returns have been filed, 7.8% more than last year. Of that total, 10.3 million taxpayers, or 61.6%, elected to submit their returns via the Internet, marking an increase of 21%. This means that 1.8 million more taxpayers preferred to use the Internet, which has become the simplest and fastest way to obtain a rebate.

The ministry highlights the fact that the RENO service was used by 12.5 million taxpayers this year, marking an increase of 92% compared to last year, and significantly up from the 8 million expected initially. The RENO service is an express service allowing users to obtain pre-completed returns and tax data certificates in real time, without a digital certificate and without having to wait for postal delivery.

The ministry reiterates that in this years campaign there was also the obligation for taxpayers to file a wealth tax return for individuals with assets in excess of EUR2m.

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Spain Highlights Success Of 2011 Income Tax Campaign