STORIES

21 June, 2017

Spain signs the Multilateral BEPS Convention against fiscal fraud

The measures to fight against international aggressive tax planning included in the BEPS are related to hybrid instruments, treaty abuse or the artificial elusion of the existence of a permanent establishment, for example.

On June 07, the ceremony to sign the Multilateral Convention to implement BEPS (Base Erosion and Profit Shifting) measures was held. This instrument pretends implementing, in an efficient and coherent manner, the measures adopted in the BEPS actions, (related to hybrid instruments, treaty abuse or the artificial elusion of the existence of a permanent establishment, for example) without the need of re-negotiating each one of the bilateral existing Double tax Conventions, with which it will co –exist.

✔ The BEPS Project, which fights against profit erosion and the shift of benefits, comprises a set of measures to fight against the international aggressive tax planning.

To implement such measures, it is necessary to modify, with respect to some matters, domestic regulations of each State whereas, with respect to others such as the adoption of anti –abuse clauses or the change of the permanent establishment definition, the international bilateral Treaties to avoid double taxation will need to be changed.

✔ As from its signature, each State will need to follow its internal procedures so that it enters into force.  The Multilateral Convention will enter into force when, at least, five States have completed such internal procedures.

✔ With its entering into force, the Convention will modify, automatically, some of the 93 bilateral Double tax Conventions negotiated and signed by Spain with other States.

✔ For this purpose, the Multilateral Instrument introduces compatibility measures to establish a relation between its contents and the Double Tax Conventions affected, by identifying what provision needs to be substituted or included, if such provision does not exist, in a particular Convention.

In order to achieve greater clarity and legal certainty, it is planned to prepare consolidated texts of the Double Tax Conventions which, although will have no legal effects, will help apply its contents, from the practical point of view.

✔ This is an instrument of major importance to fight against tax fraud through the application of BEPS Actions, specially if we take into account that between 4% and 10% of the global tax collection is lost; that is to say, between 100 and 240 million dollars per year.

(Source: OCDE).

CONTACT

MADRID
Pedro Teixeira 8, planta 4ª, 28020
T+34 91 192 21 22

MAP

BARCELONA
General Mitre 28-30 08017.
T+34 93 363 65 10

MAP

Based in Barcelona and Madrid. Englobally is our Latin American business partner established in Santiago de Chile.

We are also part of Englobally Group, an international association of independent accounting and advisory firms that provide a one-stop shop managed solution for accounting, payroll and HR needs, with member firms in over 25 countries and associates working in many others. Many fast growing technology and lifescience businesses find their international services invaluable. Companies in many other sectors are attracted by the close and supportive way Englobally Group works.

Name

E-mail

Message

Please type the code below

captcha

  • Este sitio web utiliza Cookies de terceros y de análisis, para recopilar información con la finalidad de mejorar nuestros servicios, así como para analizar sus hábitos de navegación. Si continúas navegando, supone que aceptas expresamente la instalación de las mismas. Tienes la posibilidad de configurar tu navegador pudiendo, si así lo deseas, impedir que sean instaladas en tu dispositivo, aunque deberás tener en cuenta que dicha acción podrá ocasionar dificultades de navegación de la página web.

  • De conformidad con lo establecido en la normativa vigente en materia de Protección de Datos de Carácter Personal, le informamos que sus datos serán incorporados al sistema de tratamiento titularidad de PROFESSIONAL BOOKKEEPING SERVICES S.L. con CIF B59830638 y domicilio social sito en RONDA DEL GENERAL MITRE 28 08017, BARCELONA, con la finalidad de atender sus consultas. En cumplimiento con la normativa vigente, PROFESSIONAL BOOKKEEPING SERVICES S.L. le informa que sus datos serán conservados durante el plazo estrictamente necesario para cumplir con las acciones mencionadas con anterioridad.

    Salvo comunicación contraria por su parte, entenderemos que sus datos no han sido modificados, que usted se compromete a notificarnos cualquier variación respecto de los mismos, y que usted da su expreso consentimiento para que PROFESSIONAL BOOKKEEPING SERVICES, S.L. utilice los mencionados datos para las finalidades mencionadas.

    PROFESSIONAL BOOKKEEPING SERVICES S.L. le informa que procederá a tratar los datos de manera lícita, leal, transparente, adecuada, pertinente, limitada, exacta y actualizada. Es por ello que PROFESSIONAL BOOKKEEPING SERVICES S.L. se compromete a adoptar todas las medidas razonables para que estos datos se supriman o rectifiquen sin dilación cuando sean inexactos.

    De acuerdo con los derechos que le confiere la normativa vigente en materia de protección de datos podrá ejercer los derechos de acceso, rectificación, limitación de tratamiento, supresión, portabilidad y oposición al tratamiento de sus datos de carácter personal, así como del consentimiento prestado para el tratamiento de los mismos, dirigiendo su petición a la dirección postal indicada más arriba o al correo electrónico info@pbs.es.

    Podrá dirigirse a la Autoridad de Control competente para presentarla reclamación que considere oportuna.

    El envío de estos datos, implica la expresa aceptación de esta cláusula.

  • Pursuant to current Personal Data Protection Regulations, you are hereby informed that your data will be included in a processing system owned by PROFESSIONAL BOOKKEEPING SERVICES S.L. with Tax ID No. B59830638, with its registered address at RONDA DEL GENERAL MITRE 28, 08017 BARCELONA (SPAIN), in order to deal with your questions and requests. In compliance with current regulations, PROFESSIONAL BOOKKEEPING SERVICES S.L. hereby informs you that your data will be kept for as long as is strictly necessary to complete the aforementioned action.

     

    Unless otherwise stated, we will consider that your data have not been modified, that you undertake to inform us of any modifications thereto, and that you give your express consent for PROFESSIONAL BOOKKEEPING SERVICES, S.L. to use said data for the specified purposes.

     

    PROFESSIONAL BOOKKEEPING SERVICES S.L. informs you that it will proceed to process your data in a lawful, loyal, suitable, relevant, limited, exact and updated manner. Therefore, PROFESSIONAL BOOKKEEPING SERVICES S.L. undertakes to apply all reasonable measures to ensure that any incorrect data are deleted or corrected without delay.

     

    According to the rights granted to you under current data protection regulations, you will be entitled to exercise your rights of access, rectification, limitation on processing, suppression, portability or opposition regarding the processing of your personal data and your consent to the same, by addressing a written request to the postal address provided above or to the email address info@pbs.es.

    By sending these data, you are expressly accepting this clause.