Advice for income tax returns

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FINANCE: Taxpayers should submit their returns as far ahead of the Monday July 1 deadline as possible. Photo: Shutterstock


FINANCIAL experts from a Catalan university have offered taxpayers tips on how to fill out tax returns after submissions opened last week.

Specialists from the Open University of Cataluña (OUC) said taxpayers should submit their returns as far ahead of the Monday July 1 deadline as possible in case problems arise.

Property values should be checked against those listed on registries and should be aware of new deductions and allowances including one for maternity which has risen to €1,200, they added.

Entrepreneurs who have created new companies should also be aware that they can make deductions of 30 per cent, a maximum of €60,000, the experts said.

The OUC specialists said taxpayers should double check with arrangements in their regions as rules can vary.

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