Modelo 720 pdf agencia tributaria

The modelo 720 overseas asset declaration is it legal or not. For failing to file modelo 720 or filing it incorrectly. The modelo 720 form, is a basically a declaration of overseas assets, that is to say, assets held outside of spain. Secondly, on the 31 may 2017, all eu countries, plus the uk and its crown dependencies and overseas territories, will automatically share all financial information on all financial assets held in their countries by tax residents of another country, to the country.

Modelo 720 declaration of foreign assets 2017 update. Judging by the lack on any further information posted on the website of the agencia tributaria since last year, nothing has changed in the rules. I am now completing the interest on modelo 100 and i want to be sure that hacienda can recognize that the information on modelos 100 and 720 are consistent. It is now four years deeply unpopular modelo 720, the declaration of foreign assets, has been with us. February 5, 2014 spaiscom in this world nothing can be said to be certain, except death and taxes. Lets break down this process which can seem complicated but is, in fact, fairly simple. You have to report all assets in a particular category if the value of your total assets in it amounts to over 50,000. Modelo 720 has three reporting categories, based on bank accounts, investments and immovable property. Feb 24, 2016 as a resident of spain, you are legally obliged to correctly report all your overseas assets on modelo 720. Presentacion modelo 720 grandes volumenes agencia tributaria. En ese caso, tenemos una noticia buena y otra mala.

The requirement to submit the modelo 720 form, however, is not under challenge. I understand that in box 27 of modelo 100 all my spanish and foreign interest is added together the foreign interest was not taxed or liable to tax abroad. Extensive list with faqs re modelo 720 on the agencia tributaria website. As of today, there have been no updates on the agencia tributaria website since last year, so for now we are assuming that nothing has changed in the rules. Jan 16, 2017 it is now four years deeply unpopular modelo 720, the declaration of foreign assets, has been with us. Many consider this to be a law that goes against the freedom of movement of humans and capital within the eu, and thus a. Information return on assets and rights held abroad. We have already reached the third year that modelo 720, the declaration of foreign assets, has been with us. Apr 27, 2020 the eu has in fact taken action against spain and ordered it to modify the modelo 720s penalties, although they have also deemed it lawful for spain to request this information about assets located outside its territories. Modelo 720 declaration of foreign assets declaracion. Filling in the modelo 720 for expats living in spain jean galea. Modelo 720 declaration of foreign assets update spain. Presentacion electronica del modelo 720 agencia tributaria. After the initial bewilderment and even fear looking at.