Inspections carried out by the Tax and Customs Administration in 2022 at companies and individuals controlled by the Major Taxpayers Unit have led to corrections corresponding to approximately 700 million euros in missing taxes, according to a report released this Monday.
According to the 2022 report on combating fraud and tax and customs evasion, 253 control procedures, of a general or partial nature, were completed last year at taxpayers that are controlled by the Major Taxpayers Unit (UCG).
According to the procedures carried out by the inspection area of the UGC, corrections were identified amounting to approximately 700 million euros in possible missing tax,” the document sent by the government to parliament, as stipulated by the legislation in force, describes.
Of the corrections made (including voluntary regularizations), more than half (52%) relate to corporate tax issues, while those related to VAT account for approximately 43%. The rest mainly has to do with Stamp Duty and IRS.
Part of these corrections stems from the regime for excluding capital losses on the transfer of equity instruments of entities subject to a clearly more favorable tax regime (around EUR 90 million), the general anti-abuse clause (EUR 25 million) or the transfer pricing regime (20 million euros).
According to the report, the UCG checked a total of 4,818 taxpayers in 2022, 105 fewer than the previous year, including 1,602 individuals (the same number as in 2021) and 3,216 collectives.
For a company or entity to come under the supervision of this AT unit, it must meet at least one of the criteria, i.e. be supervised by the banking, insurance or market regulator, to have a turnover of more than EUR 200 million or a total amount of taxes paid in excess of EUR 20 million.
In addition, the UCG also monitors entities that sign transfer pricing agreements or that are related to reporting multinationals as part of the ‘Country-by-Country Report’.
In terms of individuals, the scope of action of the UCG includes people with an income of more than € 750,000 or with a net asset capacity of more than € 5 million (directly or indirectly, in goods and rights), as well as people with manifestations of fortune congruent with that heritage or income.
Source: DN
