DO NOT REVOKE YOUR COMPANY’S NIF NUMBER!
In this article made by a person and not by gpt chat we will see the consequences and how to solve the revocation of your company’s nif number by the Sànish tax office (Aeat).
Even if your company has little or no activity, comply with your tax and commercial obligations and try not to fall into any of the situations in which the Tax Authorities can revoke your NIF number.
Revocation of the NIF number
The tax authorities have identified dormant companies or companies with little or no activity as a risk group that they wish to control.
However, in order to effectively revoke a company’s NIF number, you must first differentiate the “risky” companies from those that are abandoned and should be deregistered.
Abandoned companies
In order to “separate the wheat from the chaff”, the tax authorities regularly carry out campaigns to identify these “abandoned” companies, revoke their NIF and close their page in the Commercial Register.
Thus, by preventing these companies from being able to carry out operations, they will cease to be a risk group and the tax authorities will be able to focus on the rest of the entities.
Why does the tax authorities revoke the NIF of a company?
Avoid revocation of your company’s VAT number
If your company is inactive, i.e. it does not have any activity but you are interested in keeping it with operational potential, be alert and try not to incur in any of the situations in which the Tax Authorities can revoke your NIF.
This can happen, among other cases:
- When you have not filed corporate income tax for three consecutive years.
- When the company’s tax debts with the tax authorities have been declared bankrupt due to the total insolvency of the company.
- When the company has been incorporated without commencing economic activity or carrying out preparatory acts within three months of applying for the NIF.
- If your company has not filed its annual accounts with the Commercial Register for four consecutive financial years.
Unanswered notifications
The tax authorities can also revoke your company’s NIF if, for a period of more than one year and after at least three attempts to notify you, you do not reply.
Therefore, make sure that your company is able to receive the electronic notifications sent by the tax authorities and reply to them without any problems.
Consequences of the revocation of the TIN
Effects of revocation of you NIF NUMBER
The consequences of revocation of the NIF are negative. Among others, revocation entails closure of the register (the company will not be able to register operations in the Commercial Register), deregistration in the register of intra-Community operators and in the REDEME , as well as the impossibility of carrying out banking operations and obtaining the certificate of being up to date with tax obligations.
The consequences of revoking the NIF are very negative. These include, among others, closure of the register, removal from the register of intra-Community operators and from the REDEME, as well as the impossibility to carry out banking operations.
Rehabilitación del NIf de su empresa
If after the revocation of the NIF you want to apply for its rehabilitation:
- First of all, you must prove that the reasons for the revocation have disappeared.
- For example, if the revocation was due to the failure to submit annual accounts for four years, you must first submit these accounts.
- You must also inform the tax authorities of the owners of the capital, with full identification of the legal representatives and the tax domicile, and provide documentation proving the economic activity that the company is going to carry out.
Other penalties
Annual accounts
Please note that some of the non-compliance resulting in the revocation of the NIF may also entail other penalties. This is the case, for example, of failure to file annual accounts with the Commercial Register.
In this case, the Instituto de Contabilidad y Auditoría de Cuentas (ICAC) can impose a penalty of between 1,200 and 60,000 euros, although the fine can be as much as 300,000 euros if the company’s annual turnover exceeds six million euros.
Regularise before the end of the year
For this purpose, in February each year the ICAC receives a list of companies that have not filed their accounts for the previous year.
So, if your company has not yet filed its accounts for 2023, do so before the end of 2024. In this way:
Even if you have filed your accounts after the deadline, it will be more difficult for you to be penalised.
And if you are sanctioned, the sanction will be the lowest and will be reduced by 50%.
