The tax return (tax form 540) of the new tax on non-productive
assets of legal entities (IANP) must be filed between October 1 and
November 30 of 2019, for tax years 2017, 2018 and 2019.
Starting next year 2020, form 540 must be filed from June 1 to
June 30 of each year.
The purpose of the new Generalitat de Catalonia tax is to tax
non-productive assets and certain rights that are granted to them
when they are part of legal entities or part of entities which lack
legal personality.
For the purposes of this new tax, non-productive assets are
considered to be those that are not affected by economic activity,
those assets that are intended for private use by owners, partners
or persons related to them and those assets that are assigned free
of charge to owners, partners or to persons related to them.
