In economic times as difficult as the one which Spain is going through, it is important to be familiar with the administrative document for the application of the exemption referred to in article 7 of the Law of Income Tax on Individuals, in order to avoid future surprises at the time of the application of the previously mentioned extension.
Owing to the opening of the period for presenting the income tax statement corresponding to the year 2011, we have to warn that there are attempts at fraud taking place on the internet.
The various attempts of deceit make reference to alleged tax refunds, by means of mass mailings by email which forge the identity and logo of the State Tax Administration Agency, or the identity of its directors. Often, the attempts at fraud make reference to alleged information that makes it impossible to deliver of the Income tax return and forges the logo of the Tax Agency.
The preliminary draft of the law combating financial fraud which the government of Spain has released contains a series of measures aimed at the prevention and struggle against financial fraud.
First of all, among other measures, it has reduced the limit of cash payments to 2,500 Euros, provided that at least the photo identification of a businessman or professional is produced.