Some tax news for 2013

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In 2012, some measures were approved that affect 2013 , some of which are directly related to VAT and IRPF . There have been a significant number of changes that need to be known. On January 1, the transitional period to comply with the Late Payment Law has ended , so companies must pay within a maximum of 60 days from the provision of service or delivery of merchandise; while those that sell fresh and perishable products, and Public Administrations, must pay within 30 days. One of the main novelties is the special tax for prizes from state lotteries, Red Cross, Autonomous Communities, ONCE and similar entities, until now exempt, so that the winners at the time of collecting the prize must submit to a tax (20 %). Compensations for the termination of an employment or commercial relationship of very high amounts cannot benefit from the 40% reduction to income generated in a period of more than 2 years.

The tax compensation is eliminated from the Income Tax Return for those who have purchased a home before January 20, 2006, this is from last year. Capital gains and losses due to the transfer of items in the taxpayer's possession  Phone Number List for less than one year are excluded from the savings tax base . They are charged to the general taxable base in which unjustified capital gains are discovered , since last year. The percentage of retention and income from professional activities becomes 19%, although until December 31, 2013 it is 21%. Those who benefit from the 7% of the first 3 fiscal years will apply the 9%. There is a limitation on cash payments exceeding 2,500 euros in which one of the parties is a professional or businessman.



Entrepreneurs who invoice at least 50% of operations to individuals are excluded from modules, as long as their total return is greater than 50,000 euros per year and they are registered with activities that require a 1% withholding . The VAT becomes 21% at the general rate and 10% at the reduced rate. Some activities and goods have gone from the reduced rate to the general rate, going from paying 8% to 21%. Housing deliveries went from 4% to 10%. The simplified VAT regime modules are modified. Various changes occur in billing  and invoice rectification. The updating of company balance sheets is taxed at 5%. Treasury limits tax deductibilityin amortization of tangible assets of large companies: 70% of the maximum foreseen in tables. It takes effect through installment payments. As we can see, there have been important fiscal, VAT and IRPF, billing and other aspects that affect throughout 2013. Several changes are also expected for next year.