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New treasury fine for these movements

Date: April 24, 2024 Time: 09:36:28

It is crucial to be fully aware of our tax obligations and to ensure that we properly report all relevant financial transactions to the Treasury. The Tax Agency has the authority to apply sanctions to those taxpayers who do not comply with the following obligations.

Making a bank transfer, operations with real estate, leases and transfers of securities can involve complications beyond what is apparent. The Treasury treats matters related to fraud or money laundering seriously, which ends in even more severe sanctions if certain amounts of money are exceeded. Therefore, it is important to consider the possible repercussions of all these operations.

In addition, it is important to note that transfers between family members are also subject to tax. In this case, they fall within the scope of the Inheritance and Donations Tax, which implies that a specific percentage must be paid depending on the autonomous community in which the payment is made. Therefore, it is crucial to find out about the tax conditions that apply in each situation to avoid possible sanctions from the Treasury.

Offenses for which the Treasury is fined

The correct completion of the Income Statement is essential to comply with all tax obligations. If it is not done properly, we can face serious infractions and fines from the Treasury.

Regarding tax obligations in relation to the Income Statement, all taxpayers have the obligation to submit their return, even if the result is to return or there is no tax to pay. Failure to comply with this obligation constitutes a serious infringement. In addition, it is important to respect the deadlines established for the presentation of the declaration. Submitting it after the deadline may give rise to fines whose importance varies according to the time elapsed.

Another fundamental aspect is to correctly declare all income. The omission or incorrect declaration of these is considered a serious infraction. Likewise, it is essential to declare the gains or losses derived from the sale of patrimonial assets. Failure to do so also constitutes a serious offence.

Finally, if we have bank accounts abroad that exceed the established threshold, we are obliged to inform the Treasury about their existence. Failure to comply with this obligation may have economic and legal consequences.

Types of sanctions included in the General Tax Law:

Tax offense for failing to pay the tax debt that should result from a self-assessment (article 191) Tax offense for improperly obtaining refunds (article 193) Tax offense for improperly requesting refunds, benefits or tax incentives (article 194) Tax offense for not filing in self-assessment period or declarations without economic damage, for breaching the obligation to communicate the fiscal domicile or for breaching the conditions of certain authorizations (article 198) or responses to individualized information requirements (article 199) Tax offense for breaching accounting obligations and registry (article 200) tax response for resistance, obstruction, excuse or refusal to the actions of the tax administration (article 203) data to the payer of income subject to withholding or payment on account (article 205)

It is essential to comply with these tax obligations to avoid problems with the Tax Agency and the corresponding sanctions.

How much money does the Treasury fine?

The infraction will be considered serious if the base of the sanction exceeds 3,000 euros and information has been hidden. In addition, the infraction will be considered serious, regardless of the amount of the sanction base, in the following cases:

If false or altered invoices, supporting documents or documents have been used, without this constituting half-hearted fraud. withholdings not paid and payments on account not paid represent a percentage equal to or less than 50 percent of the amount of the penalty base.

* This website provides news content gathered from various internet sources. It is crucial to understand that we are not responsible for the accuracy, completeness, or reliability of the information presented Read More

Puck Henry
Puck Henry
Puck Henry is an editor for ePrimefeed covering all types of news.
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