Suspension of deadlines for taxation and business financing Royal Decree Law 8/2020

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As provided in Royal Decree Law 8/2020 of March 18, 2020, due to the situation caused by the state of emergency, the suspension of deadlines in the tax field is established.

They will be extended until April 30, 2020, the expiration of the terms and fractions of the deferment and fractionation agreements granted, the terms related to the development of auctions and the award of goods, the terms to meet the requirements, seizure proceedings and requests for information with tax significance, which have not been completed by the entry into force of this Royal Decree-Law.

The period from the entry into force and until April 30, 2020, will not count for the purposes of the maximum duration of the procedures initiated ex officio, application of taxes, penalties and review processed by the State Agency for Tax Administration .

Finally, lines of guarantees have also been approved for companies and the self-employed, and the ICO's net debt limit has been extended to 10,000 million euros.

In order to facilitate the maintenance of employment and mitigate the economic effects of COVID-19, guarantees will be granted to financing granted by credit institutions, financial credit institutions, electronic money institutions, and payment entities to companies and the self-employed.

The applicable conditions and requirements to be met, including the maximum term for the request for the guarantee, will be established by Agreement of the Council of Ministers.