It is therefore vitally important that the full details of the account into which the refund is to be made are correctly completed in the relevant section of the said document. Payment of the amount to be refunded shall be made by bank transfer to the bank account that the taxpayer or their authorised legal representative states as theirs in the tax self-assessment, communication of data or in the corresponding request without the taxpayer being liable in the event that the refund is sent to the bank account number by the designated person.

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However, where the taxpayer does not have an account in any collaborating organisation or any circumstances to so justify it exist, such explanation may be recorded in writing addressed to the head of the Administration or Delegation of the State Tax Administration Agency corresponding to their usual residence and including said document along with the declaration.

The Administration has six months to provide a provisional settlement that confirms or corrects the refund amount requested by the taxpayer, from the end of the tax return submission deadline, or from the date the tax return was filed if it was filed after the deadline. If the provisional settlement has not been made within this six-month period, the Administration will, on its own account, refund any surplus payments on account above the self-settled amount, without prejudice to making any subsequent provisional or definitive settlements that may be appropriate.

Once said six-month period has elapsed without the payment of the refund having been ordered as a result of causes that can be attributed to the Tax Agency, an interest for delay in payment will be applied to the refund amount pending payment beginning the day after this six-month period ends and up to the date the payment is ordered, without the taxpayer having to claim it. Finally, it should be borne in mind that, if errors or omissions are noted in the declaration, the Tax Administration may rectify the outcome of the taxpayer's settlement by means of the corresponding interim settlement, modifying the amount of the refund requested or determining its impropriety.

In the event of said interim settlement, the taxpayer shall be notified of the such, which may convey the remedies provided for in the current tax legislation.

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All this is without prejudice to the fact that, after the interim settlement has been made, new verification actions limited by the Tax Management bodies and inspection proceedings may be carried, in either case, when new facts or circumstances have been discovered resulting from actions other than those taken and specified in the interim settlement. Spanish Government Logo. Tax Agency. Individuals and employees. Companies and professionals.

In general: Devoluciones derivadas de la normativa del IRPF

Returns on economic activities. Direct estimation method Concept and scope of the direct estimation method Introduction Scope of normal mode Scope of the simplified mode Simplified mode waiver or exclusion Incompatibility between net income determination methods and modes Organisations under the income allocation system. Examples Phase 1. The commitment to purchase rights is addressed only at the rights allotted free of charge to shareholders, and not to those acquired on market.

These shareholders may opt to receive, in the current program, their compensation in cash at the guaranteed fixed price offered by Banco Santander from time to time. To this end, they will have to contact their usual branch and give the relevant order. In the absence of an express communication, shareholders who have not opted in previous programs to receive cash permanently will receive new shares.

Grupo Santander shall not charge any fees or costs to those shareholders who opt to receive cash at the guaranteed fixed price or to receive new shares. In case of sale of the rights on market, Grupo Santander shall charge the usual fees or costs pursuant to the applicable regulations. These shareholders will have to contact the entity where their shares are deposited to make their decision.

Specifically, if they want to receive cash at the fixed purchase price of Banco Santander's commitment, they shall make their option no later than April 23, In the absence of an express communication, shareholders will receive new Santander shares 2. The depositary entities may charge to shareholders fees or costs related to the allotment of shares or to the sale of rights pursuant to the applicable regulations.

The Increase is carried out free of fees and costs for shareholders in connection with the allotment of the new shares, with Banco Santander assuming the costs for the issue, subscription, placing on market, listing and other related costs. The new shares to be issued in the Increase will be ordinary shares with a face value of fifty Euro cents 0. The new shares will be issued at an issue price of fifty Euro cents 0. Iberclear and its participant entities. The Increase is free of charge and, therefore, does not require any payment from the shareholders.

As stated above, the Increase will be charged against the share premium reserves , which amounted to 38, million Euros as of December 31, The balance sheet used for purposes of the Increase is that corresponding to December 31, , duly audited by Deloitte, S. Following the end of the trading period of the bonus share rights, the new shares that have not been capable of being allotted due to causes not attributable to Banco Santander will be kept in deposit and available to those who evidence lawful ownership of the relevant bonus share rights.

Three years after the end of the bonus share rights trading period, the shares still pending to be allotted may be sold at the risk and expense of the interested parties in accordance with article of the Spanish Capital Corporations Law. The new shares will confer the same voting and economic rights upon their holders as the currently outstanding ordinary shares of Banco Santander from the date on which the capital increase is declared to be subscribed and paid up, which is envisaged to happen on April 29, Subject to the granting of the relevant authorizations, it is expected that the ordinary trading of the new shares in the Spanish Stock Exchanges will begin on May 8, Below there is a brief description of the tax regime currently applicable in Spain to the options available for shareholders.

Information on "Santander Dividendo Elección", 13 Apr | Shares Magazine

This description does not constitute tax advice and does not include all tax considerations that may be relevant for each shareholder in view of his particular circumstances. Therefore, shareholders are advised to consult with their tax advisors the tax regime applicable to them. The acquisition value, both of the new shares received in the Increase and of the shares from which they arise, will be the result of dividing the total cost by the applicable number of shares, both old and new.

The acquisition date of the new shares will be that of the shares from which they arise. If the shareholders sell their bonus share rights on the market, the amount so obtained will be taxed as follows in and Consequently, the amount obtained in the transfer of the bonus share rights on the market reduces the acquisition value for tax purposes of the shares giving rise to such rights, by application of Section Termination of residence Are there any tax compliance requirements when leaving Spain? What if the assignee comes back for a trip after residency has terminated?

Communication between immigration and taxation authorities Do the immigration authorities in Spain provide information to the local taxation authorities regarding when a person enters or leaves Spain? The tax authorities could request information to the immigration authorities in this regard. Economic employer approach Do the taxation authorities in Spain adopt the economic employer approach to interpreting Article 15 of the Organisation for Economic Co-operation and Development OECD treaty?

If no, are the taxation authorities in Spain considering the adoption of this interpretation of economic employer in the future? De minimus number of days Are there a de minimus number of days2 before the local taxation authorities will apply the economic employer approach? There is no de minimus number of days.

Types of taxable compensation What categories are subject to income tax in general situations? Base salary. Benefits-in-kind are taxable, although there are cases in which a tax saving might be obtained by providing an employee with a benefit-in-kind rather than the cash equivalent. School tuition reimbursements are taxable.

Información sobre el régimen especial

Expatriate premiums and assignment allowances are in general regarded as taxable. Housing allowances paid in cash are taxable. If the employee is provided with the free use of a house rented by the employer, the amount of the rental payments made by the employer will be fully taxable for the employee. Deferred compensation is taxable if paid in respect of services performed in Spain. However, the actual tax paid will vary depending on whether or not the individual is considered resident in Spain in the year in which the compensation is paid.

If they are a resident, the compensation will be added to their worldwide income and taxed at progressive rates consideration might have to be given in such a case to the eventual application of the domestic exemption of up to EUR60, for employment income obtained for work performed outside Spain. A reduction of 30 percent over a maximum base of EUR, might be applicable, if certain requirements were met and was allocated in general to a single tax period, to work income generated over a period of more than 2 years, provided that the taxpayer had not obtained any other work income generated over a period of more than 2 years to which they have applied such reduction within the previous 5 tax years, excluding that deriving from the termination of a labor relationship for the purposes of this exception , or to those which are specifically regarded by PIT Regulations as being obtained on a non-regular basis.

Intra-group statutory directors Will a non-resident of Spain who, as part of their employment within a group company, is also appointed as a statutory director i. See comments to the above two questions. For the amount of the director fees received, taking into account the above considerations. Tax-exempt income Are there any areas of income that are exempt from taxation in Spain?

Expatriate concessions Are there any concessions made for expatriates in Spain? The expatriate has not been a Spanish resident during the 10 tax years prior to the assignment to Spain. The assignment to Spain is derived from a labor contract excluding professional sports- persons or from acquiring a board of director position in an entity with no participation in its share capital or in a percentage which does not imply being a related party. The taxpayer does not obtain income that would qualify as being obtained through a permanent establishment situated in Spain.

Salary earned from working abroad Is salary earned from working abroad taxed in Spain? If so, how? Services are physically rendered out of Spain for the benefit of a non-resident company or a permanent establishment located abroad. The income that may benefit from this exemption has an annual maximum limit of EUR60, Eventual tax treaty provisions should also be considered. Taxation of investment income and capital gains Are investment income and capital gains taxed in Spain?

Dividends, interest, and rental income As a general rule, investment income, such as dividends and interest arising from bank deposits, any gains on sales of shares, and so on, obtained by a Spanish tax resident will be taxed at a rate of 19 percent for amounts up to EUR6,, 21 percent for income in an amount between EUR6, and 50, and 23 percent for amounts exceeding EUR50, Gains from stock option exercises Although taxation may vary depending on the conditions of the plan, as a general rule the gain on exercise difference between fair market value of the stock at exercise and the exercise price is subject to income tax, as work income, at ordinary progressive rates provided that the options are non-transferable.

Principal residence gains and losses As a general rule, transmission of habitual residence is subject to a rate of 19 percent for amounts up to EUR6,, 21 percent for income in an amount between EUR6, and 50, and 23 percent for amounts exceeding EUR50, Capital losses Capital losses deriving from the transfer of assets could be compensated with the capital gains obtained in the same year.

Personal use items Personal use items do not produce capital losses.

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Gifts The donor is subject to taxation on the eventual capital gain connected to the donated asset. See previous mention.