Modelo 720 pdf agencia tributaria

Modelo 720 declaration of foreign assets update spain. You have to report all assets in a particular category if the value of your total assets in it amounts to over 50,000. 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. Feb 24, 2016 as a resident of spain, you are legally obliged to correctly report all your overseas assets on modelo 720. 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.

For failing to file modelo 720 or filing it incorrectly. The modelo 720 overseas asset declaration is it legal or not. It is now four years deeply unpopular modelo 720, the declaration of foreign assets, has been with us. Presentacion modelo 720 grandes volumenes agencia tributaria. Extensive list with faqs re modelo 720 on the agencia tributaria website. February 5, 2014 spaiscom in this world nothing can be said to be certain, except death and taxes.

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. 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. 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. We have already reached the third year that modelo 720, the declaration of foreign assets, has been with us. 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. After the initial bewilderment and even fear looking at. The modelo 720 form, is a basically a declaration of overseas assets, that is to say, assets held outside of spain. Lets break down this process which can seem complicated but is, in fact, fairly simple. 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. Presentacion electronica del modelo 720 agencia tributaria. Spanish tax residents are obliged to fill out this 720 form and make the tax authorities the hacienda aware of their fiscal activity in other countries. Electronically filing form 720 tax agency agencia tributaria.

Modelo 720 has three reporting categories, based on bank accounts, investments and immovable property. The requirement to submit the modelo 720 form, however, is not under challenge. Jan 16, 2017 it is now four years deeply unpopular modelo 720, the declaration of foreign assets, has been with us. Modelo 720 declaration of foreign assets declaracion. En ese caso, tenemos una noticia buena y otra mala. Filling in the modelo 720 for expats living in spain jean galea.