Record-breaking 2023 Income Campaign Kicks Off with Taxpayers Rushing to Submit Declarations

The Treasury Processes 1,450 Statements per Minute at Start of Income Campaign: Public Urges Swift Release of Funds

The 2023 income campaign kicked off this Wednesday with a substantial presentation of returns by taxpayers. By 10 in the morning, over half a million documents had been presented, indicating that the Tax agency received an average of 1,450 statements per minute, which is an 11% increase compared to the previous year. According to Soledad Fernández, President of the organization, individuals want to receive their money as soon as possible and knowing that the Tax Agency processes returns quickly, they waste no time in submitting their declarations.

Fernández also mentioned that the agency would issue 164,000 tax data notices related to online gaming. This does not necessarily mean that there will be 164,000 tax penalties but rather serves as a reminder to taxpayers to declare any profits obtained from gaming activities. The agency has also issued 948,000 notices related to virtual currencies almost three times more than last year due to the increased information available on new virtual currency models.

Another significant figure is the 895,000 notices regarding rentals in other countries and 866,000 notices related to property rentals. In addition, the Tax Agency announced a special assistance plan for individuals over 65 years of age residing in small municipalities starting May for Renta 2023 filing. This plan aims to cater specifically to older residents living in over 500 municipalities across all provinces of the common territory. Requests for appointments will begin on April 29th.

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