Spanish Hacienda: 4 core documents you'll need for your accounts

I'll never forget the panic in a CFO's voice when Hacienda requested their four core documents.

We scrambled to piece together intercompany agreements, transfer pricing logic, substance justification, and the economic activity report, but the timestamps didn't lie.

The board minutes were dated after the transactions, the pricing rationale read like a template, and the substance story unravelled under scrutiny.

The companies that survive these audits aren't luckier or better connected. 

They felt the fear early, designed their structure with intention and built the paper trail before they pressed go.

You can't retrofit credibility when the dates, emails, and decisions either line up or they don't. 

That CFO's voice still haunts me during client onboarding calls. Now when I hear 'we'll document it later,' I ask them to imagine explaining timestamps to Hacienda. 

Which of the four documents, intercompany agreements, transfer pricing, substance justification, or activity reports, keeps you up at night? 

Because that's the one that will cost you sleep either now or during an audit. Choose wisely.