{"id":19560,"date":"2021-08-20T15:27:05","date_gmt":"2021-08-20T13:27:05","guid":{"rendered":"https:\/\/www.euroeconomics.com\/aanscherping-controles-op-deponeren-jaarrekeningen\/"},"modified":"2022-04-15T11:17:03","modified_gmt":"2022-04-15T09:17:03","slug":"changes-to-spanish-legislation-regarding-filing-of-annual-accounts","status":"publish","type":"post","link":"https:\/\/www.euroeconomics.com\/en\/changes-to-spanish-legislation-regarding-filing-of-annual-accounts\/","title":{"rendered":"Changes to Spanish legislation regarding filing of annual accounts"},"content":{"rendered":"<p><strong>Recently, changes have been made to Spanish legislation which supervises compliance with the filing of annual accounts at the Registro Mercantil.<\/strong><\/p>\n<p>The filing of the annual accounts is mandatory in Spain, but up to now, in practice, no fines have been imposed for non-compliance with this obligation.<\/p>\n<p>However, based on our experience, we expect the recent changes to be a precursor to a <strong>tightening of controls<\/strong> and a <strong>more active penalty policy<\/strong>.<\/p>\n<p><strong>For this reason, we advise our clients to avoid as much as possible delays in the approval and signing of their financial statements in order to enable us to file them on time.<\/strong><\/p>\n<h2>What are the obligations?<\/h2>\n<p>The annual accounts must be filed <strong>within 7 months after the end of the financial year<\/strong>.<\/p>\n<p>If this does not happen, the Registro Mercantil has the power to impose a fine which will be based on the balance sheet total and turnover and will be <strong>at least \u20ac 1,200 per year<\/strong>. This can rise to\u00a0 \u00a0 <strong>\u20ac 60,000 for SMEs<\/strong> and even up to <strong>\u20ac 300,000<\/strong> for companies with a <strong>turnover of more than \u20ac 6 million<\/strong>.<\/p>\n<p>If it also turns out that no <strong>corporate income tax return<\/strong> has been presented, the fine can be further increased.<strong>\u00a0<\/strong><\/p>\n<h2>Questions?<\/h2>\n<p>Relations of EuroEconomics are welcome to contact their regular contact person.<\/p>\n<p>Other interested parties are advised to visit our website EuroEconomics.com and to call or email their nearest office or mail directly to <a href=\"mailto:welcome@euroeconomics.com\">welcome@euroeconomics.com<\/a>.<\/p>\n<p>&nbsp;<\/p>\n<div id=\"container\" class=\"span8\">\n<div id=\"content\">\n<div id=\"post-16932\" class=\"post\">\n<div class=\"skepost\">\n<h2>More information?<\/h2>\n<p>Do you want more information about this post or about taxes in Spain? Read below what you can download for free or ask us your question without obligation.<\/p>\n<p>\u2013\u2013<\/p>\n<h5>Best deal &gt; Free alert service<\/h5>\n<p>We offer our clients, advisors and visitors of this website the possibility a free alert service.\u00a0<strong>No costs and no obligations.\u00a0<\/strong>We will inform\u00a0<strong>about deadlines for tax returns<\/strong>\u00a0and interesting changes and\u00a0<strong>possibilities for (specificly) foreigners<\/strong>\u00a0who are living in Spain, have business in Spain or who have family or a house in Spain.<\/p>\n<p>Do you want to stay up to date? Then fill in\u00a0<strong>your name and email<\/strong>\u00a0in the\u00a0<a href=\"http:\/\/easytaxspain.com\/\" target=\"_blank\" rel=\"noopener noreferrer\">Free alert service\u00a0fields on our home page<\/a>.\u00a0Subscribe now, it\u2019s free.<\/p>\n<p>\u2013<\/p>\n<h5>All about starting a business in Spain<\/h5>\n<p>We, EuroEconomics, the company behind EasyTaxSpain, have a team of more than 50 tax advisors, lawyers and\u00a0accountants. Do you want to start a business in Spain? Then download:<\/p>\n<p><a href=\"http:\/\/easytaxspain.com\/wp-content\/uploads\/2018\/11\/EuroEconomics-Your-Company-in-Spain-UK-2018.pdf\" target=\"_blank\" rel=\"noopener noreferrer\">A Company in Spain, Incorporation, Legal, Tax &amp; Accounting<\/a><\/p>\n<p>\u2013<\/p>\n<h3>Ask us easy your question<\/h3>\n<p>Do you have questions about taxes or starting a business in Spain and are you looking for a contact that looks after tax affairs and tax returns in Spain?<\/p>\n<p><strong><a href=\"http:\/\/easytaxspain.com\/send-us-your-question-general\/\" target=\"_blank\" rel=\"noopener noreferrer\">Ask us easy your question without any obligation<\/a>.<\/strong><\/p>\n<h5>You will receive a response within one working day<\/h5>\n<h5>No costs<\/h5>\n<\/div>\n<div class=\"navigation\"><span class=\"nav-previous\">\u2190\u00a0<a href=\"https:\/\/www.euroeconomics.com\/en\/brexit-for-real-tax-consequences\/\" rel=\"prev\">Brexit for real: these are the tax consequences<\/a><\/span><span class=\"nav-next\">\u00a0\u2192<\/span><\/div>\n<div class=\"comments-template\"><\/div>\n<\/div>\n<\/div>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>Recently, changes have been made to Spanish legislation which supervises compliance with the filing of annual accounts at the Registro Mercantil. The filing of the annual accounts is mandatory in Spain, but up to now, in practice, no fines have been imposed for non-compliance with this obligation. However, based on our experience, we expect the [&hellip;]<\/p>\n","protected":false},"author":3,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[358,359],"tags":[],"class_list":["post-19560","post","type-post","status-publish","format-standard","hentry","category-business-spain","category-dochterbedrijf-spanje"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v18.5.1 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Changes to Spanish legislation regarding filing of annual accounts<\/title>\n<meta name=\"description\" content=\"Recently, changes have been made to Spanish legislation which supervises compliance with the filing of annual accounts at the Registro Mercantil.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" 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