Tax Deferral Bond Insurance (VAT, Personal Income Tax, among others)
Flexibility in your tax obligations with our deferral guarantee.
The Tax Deferral Bond Insurance is a guarantee that allows companies to meet their tax obligations more flexibly, presented to the Tax Administration as a guarantee for the deferral of taxes.
This insurance is an ideal solution for those companies that need an additional margin for the payment of taxes such as VAT (Value Added Tax), Corporate Tax, and Social Security. According to article 46 of the Reglamento General de Recaudación (General Collection Regulation), it is necessary to meet certain requirements to request the deferral and installment payment of taxes, one of which is the presentation of a guarantee, either a guarantee from a credit institution or a surety insurance certificate, when the amount exceeds €30,000.
Highlights
Coverage and Legislation
The surety bond guarantees the payment of the deferral of the corresponding tax.
Ordinary Procedure (Non-Automated)
It follows a standard process for granting the deferral.
Postponement Deadline
Depending on the guarantees provided, a maximum of 36 monthly payments can be granted.
Documentation
It is necessary to justify the need for the postponement due to cash flow difficulties and, if applicable, the amount of unpaid VAT installments.
Tax Deferral Bond Insurance (VAT, Personal Income Tax, among others)
How can we help you?
Contact your specialists for Tax Deferral Bond Insurance (VAT, Personal Income Tax, among others)
Frequently asked questions
Who takes it out?
Any person or entity that needs to defer the payment of taxes, such as VAT, Corporate Tax, ICO, Capital Gains, among others.
When is it taken out?
The surety bond is contracted after a requirement from the tax authority and follows these steps: Letter of Commitment: The insurer issues a letter of commitment that is presented with the deferral request.
Final Guarantee: Once the deferral is approved, the final guarantee is provided.
Who is it addressed to?
This insurance is presented to the Tax Agency, at the corresponding provincial office. Advantages of the Surety Insurance for Tax Deferral:
Increase of Credit Capacity: Does not count in the Bank of Spain Risk Information Center (CIRBE).
Reduction of Balance Requirements: Improves financial structure by not affecting the liabilities of the balance.
Lower Costs: Payments are made only for the days of validity.
No Study or Opening Fees: There are no additional charges.
The Advances are not Pledged: Greater financial flexibility by not blocking advances.
Necessary Documentation
To apply for a bond insurance for tax deferment, it is necessary to present the following documentation:
Completed Questionnaire: Fill out the specific form to initiate the application process.
Financial Statements: Provide the financial statements of the last fiscal year and a financial advance of the current year.
Articles of Incorporation or Adaptation of Bylaws: Legal documentation of the company's incorporation.
Society's Experience: Evidence of prior experience in tax and financial management.
Tax Model to Defer and Amount: Details of the tax to be deferred and its amount.
Guarantee Application: Include a request for additional data, if necessary.
Cost and Cancellation
Cost: The insurance rate depends on the solvency study and the deferred tax, but usually ranges between 2% and 3.5% of the total amount.
Cancellation Procedure: To cancel the insurance, it is necessary to return the original guarantee or present a document from the Tax Agency authorizing the cancellation.