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

Byeditor

Apr 3, 2024

The 2023 income campaign kicked off this Wednesday with a substantial presentation of returns by taxpayers. By 10 in the morning, there were over half a million documents 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 the president of the organization, Soledad Fernández, 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 will 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 in small municipalities starting in May for the Renta 2023 filing.

The most notable feature of this campaign is the introduction of a special plan for preparing and submitting income tax returns for individuals over 65 years of age residing in small municipalities. This plan will commence on May 7, with appointment requests accepted starting on April 29. It will cater to older residents in over 500 municipalities across the 46 provinces of the common territory.

By editor

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