Experts from BDO Abogados y Asesores Tributarios (BDO Lawyers and Tax Advisors) analyzed the challenges and trends in international taxation at a conference organized by the Madrid Chamber of Commerce. Key topics were addressed, such as transfer pricing, beneficial ownership, and the impact of electronic invoicing in an increasingly connected world, where proper tax planning has become a strategic necessity.
BDO Lawyers and Tax Advisors is an internationally renowned professional services firm that offers comprehensive advice in the areas of auditing, law, Advisory y outsourcingWith a global network present in more than 160 countries, BDO positions itself as a strategic partner for companies, ensuring compliance with legal requirements and optimizing the tax impact of their operations, both locally and internationally. Its focus is on building relationships of trust and offering high-quality solutions tailored to each client's specific needs.
The event featured top-level speakers from BDO, including David Sardá Sesplugues, Partner of the Tax Department; Gabriel Yakimovsky, Director of the same department; and Veronica Targa, Senior Tax Manager. They all shared their in-depth knowledge and experience in critical areas such as general international taxation, transfer pricing, and indirect taxation (VAT), providing practical and up-to-date insights on the subject.
The event offered a comprehensive overview of the current challenges facing companies, from tax administration controls to double taxation risks. BDO experts presented a detailed overview of international taxation, emphasizing the latest developments and the need for proactive planning. The importance of understanding the regulations on the beneficial owner in international structures and the relevance of accreditation valid economic reasons in restructuring operations to avoid tax contingencies.
David Sarda "Tax planning is no longer an option, but a strategic necessity. Understanding the controls exercised by government agencies is key to protecting your business." "In this session at the Madrid Chamber of Commerce, we sought to provide an overview of the major challenges of international taxation, addressing key topics such as transfer pricing, the VIDA program, and double taxation agreements. We benefited not only from the analysis of BDO experts but also from the insights of a client who provided a practical perspective on what tax management really entails when a company decides to expand abroad."
In the case of related-party transactions, what aspects are crucial?
One of the central points was the analysis of the transfer pricingActual inspection cases were discussed, and the importance of having a well-defined and documented policy to avoid adjustments by the tax authorities was emphasized. The debate revolved around how companies should value their transactions between entities within the same group to comply with the principle of free competition.
How do global regulations such as the BEPS program impact?
The scope of the BEPS (Base Erosion and Profit Shifting) program OECD, a set of measures designed to combat tax avoidance strategies that allow multinationals to shift profits to low- or zero-tax jurisdictions. The speakers analyzed how these initiatives affect the tax structure of companies and the importance of double taxation agreements to mitigate the tax burden on international operations.
They were treated the latest developments in VAT in international trade, highlighting the VIDA project (VAT in the Digital Age) and the imminent arrival of mandatory electronic invoicing. This change, he noted, is not only an administrative obligation, but also an opportunity to optimize processes and improve cross-border tax management.
The day concluded with the presentation of a success story by the company FHECOR Consulting Engineers, who shared his experience managing taxation during his international expansion, serving as a practical example of how a well-designed tax strategy is essential for global growth.
