Among other participants, Manuel Esclapez , head of tax procedures at PwC Tax & Legal Services Levante, addressed the topic of tax inspections. Esclapez has highlighted how the Jordan Phone Number List means available to the Tax Agency in the fight against fraud have evolved a lot technologically, so it is essential that companies are up to par, "through self-control mechanisms, to know in advance what information the Agency has." Tax, so that they can filter all their processes to see what risks they may incur . Therefore, the expert advocates "anticipating and foreseeing what the tax consequences of all the company's actions will be." Thus, at PwC , in addition to their tax expertise , they offer "important IT (Information Technology) mechanisms in order to anticipate to what could be an inspection procedure. In this sense, Manuel Esclapez has listed technological tools "that allow us to "defend ourselves" against an Administration that has also evolved a lot technologically (having a record of the decision-making processes with fiscal implications, who is responsible within the company, the documents relating to each action with fiscal implication,…).
For his part , David Marco , director of PwC Tax & Legal Services Levante, has highlighted that with the regional modifications introduced regarding personal income tax in the Community, a rate increase is established for high incomes, considerably reducing said scale. Thus, those over 50,000 euros are now considered high incomes, with consolidated tax rates that are around 42% – escalating to 48% from 120,000 euros onwards – “which no longer only affects large assets or fortunes, but to those people who have a high remuneration such as managers, who must now think about establishing adequate tax planning.
In order to retain this key talent for their organization, companies seek tax efficiency in terms of their remuneration: with flexible compensation plans, irregular remuneration for a generation period of more than two years and other alternative formulas to optimize taxation,.. commented Marco .
For her part, Begoña García-Rozado, recently joined PwC Tax & Legal Services from the General Directorate of Taxes, has explained the recent reforms of the Corporate Tax such as the increase in fractional payments of the Corporate Tax, or the Royal Decree- Law of December 3, which has restricted the compensation of negative tax bases and the deduction of dividends and requires the reversal of impairments.
On the other hand, another of the topics, widely commented on during the day, was the entry into force on July 1 of the Immediate Supply of Information (SII), a new electronic management system for VAT information that the Agency has introduced . Tax for Spanish companies. It seeks to "modernize and streamline the management of VAT books" with which the deadlines for submitting information will go from the current 20 days to eight days in and will require companies to provide very detailed information. refined with the consequent adaptation of the systems.