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Spain Closes 2024 Income Tax Season With Rising Payments and Pending Refunds

The Tax Agency has extended refund claims for 350,000 Galician mutualistas

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Overview

  • A total of 24.57 million IRPF returns were filed by the June 30 deadline, comprising 6.93 million with payment due and 15.93 million seeking refunds.
  • Declarations requiring payment rose 12% year-on-year, generating €20.62 billion in revenue for the Treasury.
  • The Tax Agency has refunded €9.1 billion to 12.58 million taxpayers, fulfilling 78.9% of refund requests by number and 66.5% by amount.
  • Preventive letters prompted 44,900 taxpayers to submit corrective returns to avoid potential audits or penalties.
  • The deadline for nearly 350,000 Galician mutualistas to claim overpaid pension refunds has been extended pending legislative approval for lump-sum repayments.