As the first quarter comes to a close, it is time to fulfil the corresponding tax obligations. In this regard, April is a key month for businesses and self-employed individuals, as it is crucial to submit taxes within the established deadline to avoid penalties or surcharges. During this period, from 1st to 21st April, multiple tax obligations converge, making proper planning essential to ensure an error-free submission.
For this reason, we will now review the main tax forms that must be submitted in this first quarter, the relevant deadlines, and key points for efficient management.
What taxes must be submitted in the first quarter of 2025?
Throughout the fiscal year, businesses must regularly review their payments and accounts, but managing tax obligations is undoubtedly one of the most critical aspects of financial planning.
To ensure compliance and avoid issues with the Tax Agency, the following forms must be submitted:
- Form 111: This form is used to report and pay income tax (IRPF) withholdings. It is mandatory for employers with salaried workers, those who have awarded monetary prizes from competitions or games, and businesses that receive invoices with IRPF withholdings from third parties.
- Form 115: This form is used to declare withholdings on rental payments for commercial premises or offices.
- Form 130: Self-employed individuals taxed under the direct estimation system must use this form to declare and make quarterly advance payments on their income tax, calculating their income and deductible expenses to determine the amount due.
- Form 131: Similar to Form 130, this form applies to self-employed individuals under the objective estimation system (modules).
- Form 303: This quarterly VAT return allows businesses and self-employed individuals to report the VAT charged on their sales and offset it against the VAT paid on their purchases, determining the final amount to be paid or refunded.
- Form 349 : A mandatory informative declaration for businesses conducting intra-community transactions within the European Union.
- Form 309: Used for VAT declarations by professionals or businesses required to settle the tax in specific operations without submitting Form 303 on a regular basis.
What are the available payment methods for these quarterly tax forms?
As expected, this year offers various payment methods to facilitate tax compliance. The main options include:
- Direct debit: Allows the taxpayer to have the amount automatically deducted from their bank account on the last day of the submission period. To use this method, the form must be submitted by 16th April 2025.
- Payment at a bank Branch: The taxpayer can obtain an NRC (Complete Reference Number) from their bank and use it to submit the form via the electronic headquarters of the Tax Agency.
- Deferred or instalment payments: If experiencing financial difficulties, a taxpayer can request a deferral or instalment payment plan. However, this will incur interest charges and may require additional guarantees depending on the amount owed.
- Account charge without direct debit: If the form is submitted without an NRC, the taxpayer can opt for an immediate bank account charge at the time of submission.
Key points for a successful tax submission
To ensure a smooth and accurate tax submission, it is important to follow these guidelines:
- Review all documentation in advance to ensure that all necessary information is available.
- Verify the accuracy of tax data and correct any discrepancies before submission.
- Assess potential deductions or tax benefits that may apply to optimise your tax return.
- Seek professional advice in case of uncertainty or complex situations, ensuring efficient and risk-free tax management.
In summary, meeting first-quarter tax obligations not only prevents penalties and surcharges but also enables better financial control for your business. Proper planning and error-free submission make all the difference.
If you require assistance with tax management, working with experts can save you time and hassle.
At LEIALTA, our highly qualified team is ready to guide you towards the fastest and most straightforward tax payment solutions.
