More and more families are having difficulty making ends meet. The low rise in wages and the loss of purchasing power are some of the reasons that cause it. Lack of liquidity can also cause the delay and subsequent non-payment of taxes, leading to debts with the Tax Agency.

According to the latest data from the Tax Agency, the outstanding debt, as of December 31, 2016, was 45.849 million dollars. In addition to managing its debt, the Treasury also manages that of other entities such as the Traffic Headquarters. Of the external agencies to which it manages debts, 10% corresponds to sanctions brought by traffic.

The government of 2015, due to the increase in debt, published Law 25/2015, of July 28. This law contemplated a second chance mechanism, reduction of the financial burden and other social measures . Its objective is none other than to allow a natural person, despite a business or personal financial failure, to have the possibility of facing the debts contracted. In any case, with this Law the obligations with the Tax Agency and Social Security do not disappear, they will remain in force.

 

How do I cancel a debt with the Treasury?

How do I cancel a debt with the Treasury?

Once we know that there are debts with the AEAT, we can cancel them in different ways, which we will detail below:

 

Payment letter request

Payment letter request

If the taxpayer has money to pay off the debt, they simply need to obtain the payment letter and go to the bank to pay off their debt. How is the payment letter obtained? It can be obtained in two different ways: in person, in Collection at the nearest office or electronically, by electronic certificate, electronic ID or being registered in the Cl.

 

Request for deferment and fractioning of the debt

debt loans

As a general rule, if citizens do not pay a tax, it is because they do not have money to face it. The Treasury allows the debt to be solved by requesting a deferment. It can be requested both in the voluntary period, within the stipulated period for the payment of the tax, and in the executive period, when the Tax Agency requires the payment of the debt. It is advisable to do so in the first case, within the established period, in order not to generate any fine for the delay. The application can be submitted electronically through the website of the Tax Agency. Accessing it through the heading of outstanding procedures and within this section, accessing deferrals and installments of debts. In the request, the taxpayer will present deadlines and payment amounts, and the Tax Agency will respond to said request, accepting or denying it, it is important to indicate that if the proposal is reasonable, it will probably be accepted. If so, the debtor must meet the deadlines, which will be issued through charges to the bank account provided by the applicant, in case of default, the deferment is canceled and you will be required to pay the entire outstanding debt. Deferrals entail expenses, default interest, with a cost that ranges between 3% and 5% depending on the legal interest that corresponds to the date of your admission.

 

Compensation of doubts with taxes

Compensation of doubts with taxes

The compensation is used when a taxpayer liquidates a debt with return of other settlements that the Administration must make to us. An example, we have a debt of 100 dollars and the income statement comes out to return 150 dollars, therefore we compensate and the Administration only returns 50 dollars. This compensation can be requested by the taxpayer in person at the AEAT offices or electronically or the Tax Agency can also act ex officio and offset debts instead of making refunds.

 

It is very important not to have debts

It is very important not to have debts

Since many entities can request the certificate of being up to date with the Treasury. If this certificate is negative, you can be denied, for example, financing, a subsidy from a public body, an order from a supplier for your company. In addition, interest for delay and penalties are generated. Therefore, a good control of our obligations with the treasury will lead to a more efficient economy.

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