Thursday, 5 May 2016

General guidelines of the Spanish Tax Agency 2016 Tax and Customs Control Plan

On February 23, 2016, the Spanish Tax Agency (STA) released the general guidelines of the 2016 Tax and Customs Control Plan (the Plan). The guidelines focus on action areas pertaining to fraud control and prevention.

The Plan groups the guidelines into three main pillars: (i) verification and investigation of tax and customs fraud, (ii) fraud in tax collection, and (iii) collaboration with tax administrations.

This year the Plan has especially focused on challenging the 'hidden economy,' addressing risk areas identified in the Organisation for Economic Co-operation and Development's Base Erosion and Profit Shifting (BEPS) Action Plan, and preventing value-added tax (VAT) fraud.

Source & more info: PwC