The following are the upcoming deadlines and obligations to be considered by foundations whose financial year coincides with the calendar year:
Approval and presentation of annual accounts
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- The annual accounts for the financial year 2023 must be approved by 30 June 2024.
- The annual accounts must be submitted to the Protectorate within ten working days of the date of their approval.
Holding meetings of the Board of Trustees
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- In non-face-to-face meetings for the approval of accounts, it is crucial to include the signature sheet of the attending trustees.
- In the certificate of approval, the system followed for the formation of the will of the board of trustees and the direction of the vote of each member must be indicated. In the event of proxy voting, the document justifying the proxy must be submitted.
Signing of the annual accounts
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- The annual accounts of state-level foundations must be signed by the president and the secretary of the foundation.
Presentation of the financial report
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- Foundations covered by Law 49/2002 must prepare and submit the financial report to the Tax Agency within seven months of the end of the financial year, the deadline for foundations whose financial year coincides with the calendar year being 31 July 2024.
- Entities with a total income of no more than 20,000 euros and which do not participate in commercial companies are not obliged to submit a financial report, although they do have to prepare one.
Corporate tax filing
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- All foundations, whether or not they are covered by Law 49/2002, must file corporate income tax returns by 25 July.
- For foundations whose financial year does not coincide with the calendar year, the deadline is twenty-five days after the deadline for approving the annual accounts.
Telematic processing
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- In compliance with Law 39/2015, all these procedures must be carried out telematically.
We recommend that you carefully review these obligations to ensure compliance with the established deadlines. If you have any questions or require further assistance, please do not hesitate to contact us.
