Tax fraud refers to the intentional act of deceiving tax authorities to avoid paying taxes or to pay less tax than what is legally owed. It involves deliberate manipulation or misrepresentation of financial information on tax returns, with the aim of evading tax obligations or obtaining improper tax benefits.
In Spain is regulated in article 305 of the Criminal Code, with one to five years imprisonment, or two to six years imprisonment in the most severe cases. Some of the most common types of tax fraud observed in Spain include underreporting income; VAT fraud and missing trader fraud, also known as carousel fraud; overstating deductions or expenses; and offshore tax evasion.
At Chabaneix Abogados we collaborate with one of the best tax law firms in Madrid, to defend our clients both from an administrative tax perspective and from a criminal perspective.