NAVARRA: Review your turnover
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The turnover at the end of the year can affect your taxation on various taxes…
Remember that turnover influences certain tax obligations. Specifically:
VAT and Income
If your turnover exceeds 6 million euros (exactly, 6,010,121.04 euros), you must submit monthly self-assessments of:
- VAT, and you must also comply with the obligations arising from the Immediate Supply of Information (SII) system.
- Withholdings on Income.
Companies
If you reach 20 million euros in turnover in the case of small businesses, or if you exceed 1 million euros in the case of microenterprises, from the following fiscal year your company will not be able to continue applying the tax incentives provided for in Corporate Tax for these entities.
Tax on Economic Activities
If you reach 1 million euros in billing, your company will cease to be exempt from the Tax on Economic Activities (IAE).
Therefore…
If your company's billing so far this year approaches any of these figures, consider delaying a sale for the following fiscal year (as long as this is possible), so that the accrual of the operation, and not just the issuance of the invoice, occurs in 2027.
Our professionals can assist you if your turnover is close to the limits whose exceeding implies the increase of certain tax obligations.CONTENIDO RELACIONADO
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BASQUE COUNTRY: Attention to your turnover
Your turnover at the end of the year may affect taxation on various taxes…
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NAVARRA: What amount exempts from the payment of IAE?
The tax is exempt for taxable persons with a net turnover of less than 1,000,000 euros.
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BASQUE COUNTRY: What amount exempts from the payment of IAE?
Learn the amount that exempts from the payment of the tax. And remember: if you start an activity, you will not have to pay it for the first two years.
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