The Treasury has a lot of data about your income and assets and wants you to know it so that you don’t make a mistake when filing your income tax return and, of course, so that you don’t think about defrauding the Tax Agency.
All this tax information crystallizes in the notices that you will see in Renta Web when you transfer your tax data to the draft Income Tax and when you begin to fill out your Personal Income Tax. Before you hand over the income, the Treasury will notify you of unincorporated data and issues that you understand you should review.
This is an example of the notices you will find.
This is one of the notices sent by the Treasury while the Income Tax return is being filed.
tax authorities
Cryptocurrencies, real estate and investments, in the focus of the Treasury
Of all the income notices, the one that has attracted the most attention is that of cryptocurrencies. In Income Tax 2023, the Treasury notifies cryptocurrency investors who know that they own digital assets or have operated with them and even tells them how they should pay taxes.
To date, the Treasury has already launched 948,000 notices of this type, which represents an increase of 189% compared to the previous year or 620,000 more notifications. The reason is that in 2024, information models 712, 713 and 721 on the possession of cryptocurrencies have been released, one for the taxpayer and another for companies in the sector.
Crypto investors are not the only ones in the Treasury’s sights. This year’s income also brings notices for property lessors and for taxpayers with income abroad.
The former are alerted that the AEAT knows that they have carried out rental operations through the code AI0001. In total, the Treasury has issued 866,000 notices for rental income, 661,000 more than in the 2022 income campaign.
To the latter, it reminds them that in previous years they included income from other countries and that this year’s income may not be included in the tax data.
According to the Treasury, the reason is that the AEAT receives this information after the Income Tax campaign has ended. However, that is no excuse for the taxpayer not to include them in their personal income tax.
The Treasury has registered 895,000 notices of this type.
There are also warnings for players.
One of the new features of the 2023 Income campaign are the notices for online players. The Treasury has already launched 164,000 notifications to taxpayers who placed online bets or played games of chance or online casinos.
The Treasury reminds these taxpayers that they must pay taxes on these returns. From TaxDows he explains how to declare online gambling in your income. Specifically, sports bets must go in box 282 and gambling and casino games in box 290.
What to do when faced with information notices from the Treasury
These messages from the Treasury on income are only informative. The Treasury is simply alerting taxpayers of the data it has with the aim of minimizing income errors.
The best example is the notice about cryptocurrencies, where the Treasury warns that it knows that you have cryptocurrencies and that “these operations may have generated different types of income that must be declared.”
The AEAT does not go further because it does not know if you have bought and maintained your cryptocurrencies, so there would be nothing to declare, if you have made exchanges, sales or received sating returns.
In other words, they have information that could cause you to include that information in your income, but they don’t know for certain whether you should do so.
In any case, it will be the taxpayer’s responsibility to review the Treasury notifications to determine whether or not they have something to pay in personal income tax. In the case of online betting, the answer will usually be yes, just like with rentals.
