Due to the new tax reform recently approved, all associations without exception are required from 2015 a file the corporate tax return (see Article 124.3 of the Law 27/2014 of 27 November on Corporation Tax ). This change is important because, unlike what happened so far, it affects any entity, even if it does not carry out any economic activity and regardless of its volume.
- INFORMATION SESSIONS OF THE DEPARTMENT OF SOCIAL WELFARE AND FAMILY
In order to help organizations know what the main changes are, how they affect them and what needs to be done, the Department of Social Welfare and Family has planned a series of 24 information sessions. The days will realize in equipments of the General Direction of Civic and Community Action of Barcelona, Badalona, Sant Adrià del Besòs, Sant Boi de Llobregat, Sabadell, Terrassa, Canovelles, Igualada, Manresa, Vic, Vilanova i la Geltrú, Mataró, Lleida, Tarragona, Reus, Tortosa, Tremp, Girona, Ripoll and Figueres. The sessions, which will take place during the months of February and March , will be taught by four recognized schools and experts in these subjects such as the Pere Tarrés Foundation , Associative Support-Fundesplai , el CAE and the Girona Leisure Foundation.
The registration is required and capacity is limited. If you are interested in attending, you can check out schedule of sessions and sign up for free via the link. All people who attend the talks will be given one certificate at the end of the session. We also provide the Program of information sessions .
In the case of Barcelona, these sessions are in addition to the training offers for the entities it organizes Torre Jussana , from Barcelona City Council.
- SOME PREVIOUS CLARIFICATIONS ON THIS TAX REFORM
What does it mean to have to file a tax?
The filing of corporation tax entails that the entities must keep the accounts in the double entry mode and so that exempt and non-exempt income and expenses are identified. The accounting provides the entity with the necessary financial statements to be able to file the corporate tax return. Entities must therefore have a computer program adapted to the Accounting Plan for non-profit entities.
Will it also involve an economic expense?
Not necessarily. The filing of corporation tax does not always involve a direct financial expense for entities. Taxed income is the benefits of economic activity, that is, income less expenses. Therefore, in principle, entities that do not engage in economic activity and do not have non-exempt income income – such as bank interest – will not have to pay anything in the form of corporation tax. However, the entities will have to dedicate financial resources to be able to adapt the accounting and prepare the corporation tax. They may have to pay for the preparation of the accounting, the acquisition of an accounting program adapted to the Accounting Plan of non-profit entities and even for the preparation and presentation of the tax, due to its complexity.
Does the law affect entities declared to be in the public interest?
It will depend on whether the entity has opted for the tax regime of Law 49/2002 or not. Entities covered by Law 49/2002 are not affected by the tax reform, because they were already required to file the tax and will continue to pay 10% for non-exempt income as before. The other entities declared to be of public utility will be affected: from 2015 they will be obliged to file corporation tax.