What does it mean that the result of the income tax return 2019-2020 is negative?

The result of the 2019-2020 Income statement depends on the differential fee. This includes withholdings plus income on account, installment payments and income tax payments of non-residents paid by taxpayers who have acquired this condition. However, the result of the declaration for taxpayers entitled to family deductions will be added the so-called “negative taxes” to the final result. This includes deductions such as maternity, large families or dependents with disabilities.

Regarding the amount of the final result of the declaration, the Practical Income Manual 2019 establishes that if the result of the declaration is positive, the taxpayer will have to pay the Treasury. In this case, you must enter the total amount or through a first installment payment domiciled until June 25. Taxpayers who want to split the subscription will have to make the second payment before November 5.

On the other hand, if the final result of the declaration is a negative amount, the taxpayer has the right to request a refund of this amount. It should be remembered that the amount to be reimbursed by the Treasury has a maximum limit. This is because the fee resulting from self-assessment cannot be higher than the personal income tax withholding applied or the payments made in the case of self-employed workers.

“The amount of the return may not exceed the sum of the amount reflected in the box [0609] for payments on account plus the sum, if positive, of the difference between the amounts reflected in the boxes [0611], [0612] Y [0613] regarding the maternity deduction, from the boxes [0623] Y [0624] in the deduction for descendants with disabilities in charge; of the boxes [0636] Y [0637] in the deduction for ascendants with dependent disabilities and, from the boxes [0248] Y [0249] in the deduction for a non-legally separated spouse with a disability; of the boxes [0660] Y [0661] in the large family deduction and, finally, of the boxes [0662] Y [0663] in the deduction for ascendant, legally separated or without a marriage bond, with two children without the right to receive food annuities », as extracted from the Practical Income Manual 2019.

Express request
As they recall from the Tax Agency, the refund is not automatic and the taxpayer must expressly request it. Normally, the payment of the amount to be returned will be made by bank transfer to the account indicated as its ownership in the tax self-assessment, data communication or in the corresponding request.

Since the declaration is confirmed and presented, the Tax Agency has a period of six months to practice the provisional liquidation that confirms, or rectifies, the amount of the refund requested. If this term is not met, the Administration will proceed to return the excess payments on account over the self-assessed quota. In addition, the corresponding default interest will be applied to the amount pending return.

If there are errors or omissions in the declaration, the Tax Administration can rectify by means of the corresponding provisional liquidation and consequently modify the amount of the refund requested or determine the inadmissibility of the same. .

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