Top priority this year for the Agencia Tributaria (Tax Agency) is uncovering fraud, including false claims as self employed, workers with undeclared income and the rich who declare low incomes.
As part of the central Government’s “Anti Fraud Plan” the agency will also analyse individual customer energy consumption in order to identify “underground businesses” or businesses that declare little or no income.
The General Plan for Tributary Control and the Fight against Fraud has its eye on contributors who have “much more capital and property etc than is logical bearing in mind the salaries of their profession or their low income tax and IVA returns.”
The Agency has already received reports from the financial sector on all financial operations worth more than 3,000 euros carried out in 2010 and will also focus on the use of 500 euro notes, subcontracting, false invoices and IVA fraud.
Two of the industries to be “watched carefully” by the Agency are the estate agency and construction industry.
The “underground economy” here in Spain costs the Government millions in lost taxes every year and central Government is determined to do something about it. As reported last week in NEXOnr the electricity companies are obliged to provide all customer details to the Tax Office as part of the fight against the submerged economy and the financial sector is also obliged to report all transactions over 3000 euros.
