Post by account_disabled on Feb 22, 2024 6:50:16 GMT
The Tax Agency is behind thousands of taxpayers who are declaring assets abroad that until now they had hidden from the treasury. In addition to checking whether the data presented is coherent, it will fine those who submit the informative declaration on this heritage late or incompletely.
It was last February when the Ministry of Finance reported that it was carrying out an investigation into nearly taxpayers for having declared after the deadline or incompletely the assets abroad that they had hidden and that now must be declared properly. mandatory.
The Tax Agency has already begun to impose fines on taxpayers who have submitted this declaration of possessing assets outside of Spain after the deadline. According to the regulations approved by the Treasury in the deadline for submitting form must be between and of the year following the year to which the information to be supplied refers.
If the Treasury discovers that an asset suddenly appears that was not declared years before - even though it was already owned previously - that is when it Denmark Mobile Number List imposes the maximum fine. The penalty is high, since it reaches up to 150% of the differential tax rate for personal income tax , which is the final amount that the taxpayer would have to pay to the Treasury in a normal situation.
Until now, taxpayers who declared their assets abroad were limited to submitting to the Treasury an informative declaration on assets and rights abroad, the so-called model .Later, the Tax Agency required the regularization of the unjustified gain in assets, and that was when it imposed the fine for submitting it late and, above all, for the very serious infraction of having unjustified gains : that was when it imposed that penalty of 150 % on the differential fee.
However, now the Treasury admits that there is a way for the taxpayer to regularize their assets abroad by reducing this fine to about half the amount. Confidencial Digital has learned that a few days ago several officials from the Tax Agency met with representatives of the Registry of Tax Advisory Economists that depends on the General College of Economists of Spain to address this matter.
The meeting arose as a result of a request from the College of Economists, which sought to resolve the numerous doubts that tax advisors were conveying to them about how to advise their clients who were going to regularize before the Treasury the assets they have outside of Spain . Many doubted whether or not it was better to acknowledge to the tax authorities that they have hitherto undeclared assets abroad.
When asked by tax advisor economists, the Tax Agency revealed that there is a possibility, which most advisors and taxpayers were unaware of until now, to reduce getting rid of that 150% surcharge and significantly reduce the fine they would have to pay.
If at the same time that form 720 is submitted after the deadline showing the assets abroad, the taxpayer voluntarily submits a complementary personal income tax return in which he includes these undeclared income, that 150% penalty does not apply: as They are only imposed a surcharge according to the amount declared, plus late payment interest for the delay in the declaration, in addition to the 1,500 euros minimum penalty for submitting form 720 after the deadline (from January to March).
It was last February when the Ministry of Finance reported that it was carrying out an investigation into nearly taxpayers for having declared after the deadline or incompletely the assets abroad that they had hidden and that now must be declared properly. mandatory.
The Tax Agency has already begun to impose fines on taxpayers who have submitted this declaration of possessing assets outside of Spain after the deadline. According to the regulations approved by the Treasury in the deadline for submitting form must be between and of the year following the year to which the information to be supplied refers.
If the Treasury discovers that an asset suddenly appears that was not declared years before - even though it was already owned previously - that is when it Denmark Mobile Number List imposes the maximum fine. The penalty is high, since it reaches up to 150% of the differential tax rate for personal income tax , which is the final amount that the taxpayer would have to pay to the Treasury in a normal situation.
Until now, taxpayers who declared their assets abroad were limited to submitting to the Treasury an informative declaration on assets and rights abroad, the so-called model .Later, the Tax Agency required the regularization of the unjustified gain in assets, and that was when it imposed the fine for submitting it late and, above all, for the very serious infraction of having unjustified gains : that was when it imposed that penalty of 150 % on the differential fee.
However, now the Treasury admits that there is a way for the taxpayer to regularize their assets abroad by reducing this fine to about half the amount. Confidencial Digital has learned that a few days ago several officials from the Tax Agency met with representatives of the Registry of Tax Advisory Economists that depends on the General College of Economists of Spain to address this matter.
The meeting arose as a result of a request from the College of Economists, which sought to resolve the numerous doubts that tax advisors were conveying to them about how to advise their clients who were going to regularize before the Treasury the assets they have outside of Spain . Many doubted whether or not it was better to acknowledge to the tax authorities that they have hitherto undeclared assets abroad.
When asked by tax advisor economists, the Tax Agency revealed that there is a possibility, which most advisors and taxpayers were unaware of until now, to reduce getting rid of that 150% surcharge and significantly reduce the fine they would have to pay.
If at the same time that form 720 is submitted after the deadline showing the assets abroad, the taxpayer voluntarily submits a complementary personal income tax return in which he includes these undeclared income, that 150% penalty does not apply: as They are only imposed a surcharge according to the amount declared, plus late payment interest for the delay in the declaration, in addition to the 1,500 euros minimum penalty for submitting form 720 after the deadline (from January to March).
