Hi Guys,
There is a double taxation treaty between Spain & Australia. My query is twofold:
1) Are there any circumstances whereby the Spanish taxation authorities could independently access/verify our assets & income from Australia ?
2) What is the probability of such assertive measures being taken ie how assertive are the Spanish tax people ?
The above queries are based on premise that we would diligently complete Spanish annual tax returns & submit reasonable declarations.
Also, I appreciate there is a rigid taxation treaty among EU countries including sharing of data between jurisdictions. However, I have no practical experience about the arrangements with Australia.
Hopefully, some people may be able to assist or point us in right direction for advice.
Cheers,
Andrea