If you chose to split the payment of the 2023 Income Tax Return, there is little time left for the Tax Agency to begin collecting the second installment. We’ll tell you when the receipt will be sent to your bank.
The deadline to submit the Income tax return 2023 concluded last July. However, this does not mean that all our obligations as taxpayers have ended. If you are one of those who obtained the result to pay and decided to pay the total amount in two installments, you have little time left for the tax organization to collect it from your account in the event that you opted for direct debit.
It will be the next November 5 when you must have the amount owed to avoid future problems with the Treasury. It is very important that we have clear dates and the payment methods that we choose to take into account, otherwise, the Treasury could sanction us for not having fulfilled our obligations when it comes to regularizing our personal income tax from last year.
The second installment of the 2023 Income
The Tax Agency offers taxpayers the possibility of splitting the personal income tax payment into two installments, as long as the result of the declaration is payable. However, this fractionation is not carried out in two installments of 50%, The organization chooses to collect 60% in the first installment and leaves the remaining 40% for a second installment.
Once the first payment was paid on July 1, it is time to face the second. Which, as we have already mentioned, will take place on November 5, as established in the Manual of the Income 2023. It is worth keeping in mind that the Tax Agency can not only sanction the taxpayer in the event that we have not submitted the Income Tax on time, but also if we have not we are late with payment of the two installments that we have committed to paying.
Who must pay this second installment
If you don’t remember if you have to pay the second Income deadline 2023you can always consult the declaration that you presented in the last Income Tax campaign to clear up any doubts. The main requirement demanded by the Tax Agency was that the declaration had been submitted within the deadline and that it was not a complementary self-assessment.
Furthermore, in order to pay this second installment We must have paid the initial 60% that corresponds to the first installment, as we have already anticipated. In the event that we have not made this payment, the Tax Agency initiates a procedure executive who claims the total amount, without considering fractions. If this is our case, we have probably already received a notification indicating what are the next steps we must follow to pay off our debt. If this is not the case, it is recommended that we contact the Treasury as soon as possible to inform us of what happened and that they tell us how we should act to avoid possible surcharges and penalties for not having respected the deadline in question.
If we are late only in the second payment, the consequences will be very similar. The late payment interest at first might not be too high, as it is a light penalty, but the number will go up as more time passes, so it is best to avoid delays and make the payment when it is time.
