Hacienda y el ojo que todo lo ve
The Treasury and the judicial system go a step further to control the most intimate details of the taxpayer and keep an eye on taxpayers. In this case, by signing agreements with the General Council of Notaries and the Association of Registrars. These give them direct access to information on the beneficial ownership of thousands of entities and individuals.
The Treasury has always had access to this information, but with this agreement its access to the Notary’s database of beneficial ownership is now computerised. At the click of a mouse, you can identify the beneficial owners of limited companies, public limited companies and non-commercial legal entities (such as associations, foundations, or political parties).
Courts and tribunals will also be able to consult the beneficial ownership of entities registered in the commercial registers electronically.
New measures with which the tax authorities are keeping an eye on taxpayers make it essential for companies and businesses to carefully analyse what kind of commercial and tax structure is best for them. Do not hesitate to contact us for more information. If you are interested in this article about how the tax authorities monitor taxpayers, we recommend you to follow us on social media for more information.