The European Commission has published last 6th of December an Action Plan to strengthen the fight against tax fraud and tax evasion, in a short, medium and long term. We highlight the following proposals: Better use of existing instruments and Commission initiative to be progressed: New framework for administrative cooperation. Closing savings taxation loopholes. Draft…
Law 7/2012 for Anti-Fraud Prevention Act was published last 30th of October. Resident taxpayers are obliged to report as of 1st of January 2013 foreign bank accounts, insurances, shares, real estate, etc., of which they are holders, beneficiaries or authorized. The declaration must be made within 1st of January and 31st of March of the…
Already mentioned in our previous newsletter, we want to emphasize this measure included in the new anti-fraud law published in the Official State Gazette on 30 October. The legislative experience gained in such neighboring countries as France and Italy was taken into account when developing this new measure in Spain. It will no longer be…