Tax Agency will strengthen the control of large fortunes 2017

The Tax Agency will strengthen the control of large fortunes
Directives of the Annual Tax Control Plan
* Newly created ad hoc computer tools will reinforce inspections of large estates, facilitating access to aggressive fiscal planning, the use of intermediary companies, displays of purchasing power beyond the amounts declared and availability of assets abroad
* On-site inspections in sectors with greater risk of VAT fraud will promote the fight against the shadow economy, which will be coupled with a subequent follow-up ...

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Deferments for self-employed workers: VAT and IRPF

Measures of Royal Decree-Law 3/2016 in matters of deferred payment
Royal Decree-Law 3/2016, of 2 December, eliminated the option of granting deferred payment or split payment of specific tax debts, including split payment of Corporation Tax and that derived from taxes, such as VAT, which must be legally added, unless it can be shown that the added payments have not been paid.
Processing of deferred payment in accordance with Royal Decree-Law 3/2016
Applications for deferred payment or split-payment of debts affected by this measure ...

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the european commission want that spain change the 720 form

Taxation: Commission calls on SPAIN to ensure that its rules on foreign-held assets are proportionate
The European Commission sent a reasoned opinion to Spain today requesting to change its rules on assets held in other EU or the European Economic Area (EEA) Member States ("Modelo 720").
While the Commission takes the view that Spain has the right to require taxpayers to provide its authorities with information on certain assets held abroad, the fines charged for failure to comply are disproportionate. As fines are much ...

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VAT applicable to free legal aid services

Services rendered by lawyers and solicitors to persons entitled to free legal services under Act 1/1996 of 10 January governing free legal aid are subject to and not exempt from VATand all invoices for such services should include VAT at the general rate of 21%.
The Directorate General of Taxation (hereinafter DGT) in its Resolution of 18 June 1986 (Official State Gazette of 25 June) deemed these services not to be subject to VAT since they are rendered on a mandatory basis and free of charge by virtue of article 7.10 of the Value Added Tax Act 37/1992. However, this ...

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