On 7 September 2026, the Tax Agency announced a new optional regime allowing self-employed workers to offset quarterly tax payments (IRPF installments, VAT, withholdings) against pending tax refunds. Taxpayers must request inclusion in this regime during October 2026 (via the AEAT portal). Once approved, starting in 2027, the Tax Agency will automatically net out amounts due against refunds each quarter, reducing cash flow strain. The measure aims to simplify treasury management for small businesses and reduce late-payment interest.
Key Takeaways
- One-Time Election: Request must be submitted in October 2026; late requests apply from the following year.
- Quarterly Netting: Offsets occur automatically each quarter (April, July, October, January) for IRPF, VAT, and withholding balances.
- Refund Priority: Refunds are first applied to the oldest debts; any remainder is refunded to the taxpayer’s bank account.
Disclaimer: This article is compiled and summarized by the AI based on publicly available information and is for general information purposes only. It does not constitute any form of formal tax advice, legal opinion, or basis for performance. Please consult a qualified professional tax advisor or legal counsel for tax advice.
Source: Read Official Announcement