The Treasury reminds mutual fund members that they must resubmit their personal income tax refund application due to imminent payment.

In mid-June, the Tax Agency began sending letters to mutual fund members informing them that they must resubmit their personal income tax refund applications. The Treasury will begin paying these returns shortly after Congress approved the regulatory changes this week.

Sources from the Tax Agency told Servimedia that the text will soon be published in the Official State Gazette (BOE) and that the Treasury is already "well advanced" in the process of starting payments as soon as possible. Hence these reminder letters, so that no mutual society member is left without receiving their refund.

Although some mutual members had already submitted the application last year, it was legally invalid, so they must resubmit it, as explained in the letters.

In them, the Tax Agency explains to mutual society members that requests for personal income tax refunds from 2019 to 2022, and previous years not yet barred by the statute of limitations for contributions to mutual societies, "were rendered ineffective" following "the approval of a new processing system." "To request a refund for the aforementioned years, you must submit a new application form," the letter adds.

To do so, during the now-concluded 2024 Income Tax Campaign, the Treasury displayed an informational notice redirecting to the application form. It also has a section for mutual insurance companies where the form can also be completed.

To do so, you must have a reference number, a CL@VE (clear code), or an electronic certificate, including an electronic ID. These procedures are also available for representatives, social partners, or successors. To collect, you must provide the beneficiary's bank account and a phone number.

First Vice President and Minister of Finance, María Jesús Montero, announced a regulatory change at the end of March to accelerate refunds to mutual society members and issue them in a single payment in 2025, following complaints from unions, political groups, and those affected by the December change in criteria.

At the beginning of 2024, following several court rulings, the Tax Agency recognized pensioners' right to reduce a percentage of their personal income tax base. For contributions made to the former mutual funds between 1967 and 1978, this reduction would be 25% of the corresponding portion of the pension, while for contributions made before 1967, it would reach 100%.

Initially, this was done through a refund application form for mutual fund members, which was discontinued in December 2024 due to a regulatory change. Under the system implemented at that time, applications would have to be submitted annually during the voluntary period for filing personal income tax returns, continuing until 2028.