Finance monitors 457,000 million euros of Spanish accounts abroad

Finance monitors 457,000 million euros of Spanish accounts abroad


The Tax Agency has received a wealth of information from accounts of Spanish taxpayers abroad for the automatic exchange of data with other states that are now searching for fraud. The director of the organization, Jesús Gascón, announced today in a meeting with media on the occasion of the Congress of Tax Inspectors in Alicante that the Treasury is monitoring 457,000 million euros of residents and non-residents in the balance of bank accounts abroad, information received in 2016 and 2017 as a result of the entry into force of the data exchange signed with more than one hundred jurisdictions last year. It is an amount similar to 40% of the Gross Domestic Product.

"We are debugging and crossing these data," he said, referring to the fact that names and amounts are being compared with declarations of assets abroad (model 720) and data on the tax amnesty. The figure detected is huge: as a comparison the 720 model registered 156.122 million euros, although the Treasury still has to eliminate duplications of the data received, some of them from opaque countries such as Switzerland, Andorra, Bermuda and else.

Following this information, the Treasury has already made 102 inspections since May as well as dozens of visits to homes and places, verification requirements and actions, detecting risk profiles. The automatic exchange of financial account data was announced in 2013 by the OECD for 53 countries and extended to more jurisdictions to add more than one hundred.

Only the announcement of the measure provoked an induced effect between 2013 and 2016 that caused affected taxpayers raise the declared in the IRPF 25,2% which resulted in an increase in the fee they paid of 14.3%. A phenomenon that also occurred in the Heritage Tax, with 23.2% more declared wealth among these taxpayers and 27.4% more than quota that brightened the public coffers.

Who are these taxpayers? As Gascón has abounded, the Treasury tries to idenfit residents with incomes of foreign origin undeclared, not theoretical residents who actually live in Spain and do not declare, as well as non-residents who have not declared well.

The zeal of the Treasury also splashes the National Office of International Taxation (ONFI) that has ended 200 inspections in 2017, to which 138 files are added with companies that have consulted how to deal with the valuation of related operations (APA), the agreements between companies and the Treasury guarantee that they will declare more than 1,400 million euros. Of the 138 records, 39 were completed: of them there was favorable agreement in 25 cases, in 5 of dismissed the request of the taxpayer and in 9 others the company gave up. Between 2015 and 2017 ONFI inspections have allowed to increase what was declared in more than 8.600 million euros.

Maternity benefit without paperwork

Gascón has also ruled on the return of income tax on maternity benefit, following the ruling of the Supreme Court issued a couple of weeks ago. "We will look for a procedure as agile as possible, so that the taxpayers do not have to provide supporting documents and the information is crossed, "the director of the Tax Agency revealed.

Although the return procedure is not yet finished, the Treasury's intention is that hang a form so that the subscription is automatic with a NIF and the account number, so that it only includes a single procedure in which the taxpayer claims the refund to the Treasury and this is reimbursed. A portion of these amounts, Gascón pointed out, "can be arranged in the next year's tax return". "The estimates that have come out of impact are in line with reality," he asserted. It is estimated that around one million taxpayers can receive 1,300 million euros.

Next list of defaulters, with changes

Regarding the blueprint for the fight against fraud that the Government approves today, the director of the Tax Agency assessed it as "positive"that the body regains control over Sicav, in front of the National Securities Market Commission (CNMV), as it was until 2005. These companies, which are taxed at 1%, are collective investment with at least one hundred shareholders. However, the use of «straw straw men» in this type of signatures, the so-called «mariachi fraud» has raised suspicions about them.

For the hardening of the list of defaulters with which the Government plans to incorporate those who have a tax debt of 600,000 million with the Treasury instead of the one million that governs and also covering the jointly responsible of the debtor companies, Gascón has indicated that they can be ready for the following list that will be published in June 2019, although everything will depend on the processing of the model, in addition to which the Agency should contact the new affected. "In principle, we arrived," he said.


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