SPAIN - TAX DEFERRAL FOR MICRO-ENTERPRISES DUE TO COVID's crisis.
Due to the COVID's crisis, it had been approved an extension of the terms for Tax self-assessments related to Income Taxes and VAT with a deadline between March 13th and May 30th of 2020, provided the postponement does not exceed the amount of 30.000 €.
In such cases no default interests were accrued during the first three months of the deferment. The new Royal Decree-Law extends the exemption of interests to four months from the request of deferment.
Law Firm located in Madrid and Barcelona (Spain).