The problem associated with tax fraud is one of the important points to consider in our economy.
Most people have probably wondered at some point in their lives,
How does the Spanish public administration combat tax fraud? Should the regulations on this matter be tightened?
Since the end of 2020, the Administration had indicated that measures against tax fraud in Spain would be strengthened, and this has finally happened after the publication on February 1, 2021, of the Guidelines for the Annual Tax Control Plan for 2021, which contains all the measures implemented in this area.
The regulations are made up of 5 main sections and these are some of the most important measures in this regard:
- Information and assistance
The use of technology to promote and improve the quality of the administration's service will help to have greater control over taxes, collection, and the data of all taxpayers, and thus have more control over "tax fraud," for example, with the use of new virtual assistants, search engines, mobile applications, and online assistance as pillars of this first set of measures.
- Prevention of non-compliance. Promotion of voluntary compliance and fraud prevention.
They are implementing measures to obtain a solid and reliable database through an updated census with guarantees in data protection, emphasizing above all inactive companies, which on certain occasions can be used for tax evasion, diversion of illicit funds, among many other illegal practices.
- Investigation and verification actions of tax and customs fraud
- They emphasize control measures on multinational groups, large companies and tax groups in relation to compliance with anti-avoidance measures.
- Detection of hidden assets, rights and undeclared income and combating the underground economy by promoting the increase of groups dedicated to the search for relocated nationals.
- A series of measures in electronic commerce are also detailed to identify those liable to pay taxes in Spain.
- Cryptocurrency market regulation *obligation to declare cryptocurrency transactions in form 720 whenever they exceed €50,000
- Promote the use of the SII (Immediate Supply of Information to the AEAT)
- Control of customs fraud and Special and Environmental Taxes by strengthening the Administration's on-site presence
- Fraud control in the collection phase.
The collection process is being strengthened to achieve full payment of debts and to determine the responsibility of third parties in this situation.
- Collaboration between the Spanish Tax Agency (AEAT) and the Tax Administrations of the Autonomous Communities
By creating a shared database, an information exchange network will be created between the state and the Autonomous Communities that will ensure exhaustive control in matters of Tax Fraud
We believe that the implementation of all these measures could really help to combat tax fraud in Spain, which currently causes losses of more than 70 billion euros, according to the Savings Banks Foundation (Funcas).
If you require further information or have any questions, please contact us via email at ambit@ambitassessor.com or at our offices.
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With a degree in Business Administration and Finance, he combined his work as a consultant in the tax and accounting department of Gestart Assessores with his studies for ten years, primarily a degree in Business Administration and Management from the University of Barcelona. In March 2017, he joined Àmbit Assessor, SL as a tax and accounting consultant.
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