Inactive commercial companies and the D101

Inactive commercial companies must submit their tax declaration before April 30, 2024, to avoid additional fines.

A company is considered inactive when it is legally constituted but does not engage in lucrative activities. Additionally, on the same date, they must submit the Transparency and Final Beneficiaries Registry.

To comply with this requirement, inactive legal entities must register with the Unique Tax Registry of the General Taxation Directorate through the Virtual Tax Administration platform. It is essential to provide accurate information, such as the fiscal address, legal representative, email, and other required data. Furthermore, they must support this information with accounting documents, minutes of the company’s meetings, and other records.

Failure to submit the declaration within the established period results in a sanction equivalent to 2 percent of the gross income in the period of the Income Tax prior to the infringement, with a minimum of 3 minimum wages and a maximum of 100 minimum wages.