Spain to monitor people who display wealth which doesn't match earnings

In the section of investigation and control of fraud, the surveillance of operations that can hide large alterations of assets, the fraudulent use of tax advantages designed to preserve the neutrality of corporate restructurings and the concealment of the real beneficiaries of significant economic operations Simulator Rent 2024: so you can already know if the Declaration of the Income comes to you to pay or to return this 2025 The Tax Agency wil…

Spain to monitor people who display wealth which doesn't match earnings

Spain’s tax agency has a new tax control plan which includes investigating people who display "external signs of wealth" that don’t correspond with their income, as well as keeping a close eye on non-residents and other individuals.

Hacienda announces one of the lines that it will prioritize in the income campaign that opens in just a few days: the Tax Agency will disguise itself as Sherlock Holmes – or Margarita Landi – to follow the trail of those who declare little, but live on every train. The mission is laudable, but it presents itself more complicated than those of Tom Cruise, because those who do it do not usually leave much trace while the common mortals have little…

The Tax Agency will promote this year 2025 the control of natural persons with external signs of wealth "in clear discrepancy" with their declared income and wealth, while at the same time it will be able to focus on the regularization of income or profits derived from real estate and "infra-retentions" in the incomes of artists and non-resident athletes. These are some of the main lines of action contained in the general guidelines of the 'Tax …

In 2025, the Tax Agency will strengthen its surveillance of tourism rentals, large estates and people with external signs of wealth that do not correspond to their declared income. In addition, control will be intensified over operations that may involve tax fraud, including the concealment of real beneficiaries and the misuse of tax advantages. Infra-retentions in rents of artists and non-resident athletes will also be monitored. On the other h…

Inspectors and advisers agree on the need to strengthen tax administration and ensure legal certainty. They stress the importance of long-term planning and greater flexibility and agility on the part of the Treasury. Read