The Corporate Tax Law and its Regulations established the obligation to submit for D140 of Modification of Information since October 2017 within the terms established in Transitory I of the Regulations to the Corporate Tax Law.
However, through resolution DGT-R-51-2017 published on November 20th, 2017, the Tax Authorities temporarily suspends this obligation and establishes a new calendar for the filing of Form D140 of Modification of Information to corporate entities not registered in the Tax Registry which shall be effective as of February 1st, 2018 in accordance with the following order:
The Tax Authorities will not receive Form D140 until January 31st, 2018. In addition, applications filed in a month before the designated one will be processed in the corresponding month.
Failure to submit Form D-140 within the established deadlines will lead to the application of the penalty established in article 78 of the Tax Code, which ranges from half base salary up to a maximum of three base salaries, determined by the delay in filling the form.