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V0370-20 ·18 February 2020 ·consulta-vinculante Medium impact
Tax

No mandatory to file model 720 if total foreign assets below 50,000 €

The DGT confirms no obligation to submit the foreign assets declaration (model 720) when the value of shares exceeds 50,000 € during the year but is below that amount as of 31 December.

In 6 key points

How it affects those involved

Taxpayers are not required to file model 720 if foreign assets do not exceed 50,000 € by year-end.

Lifecycle

2020-02-18PublishedPublished in the BOE
Official text Based on BOE data (boe.es). Information, not advice.

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This analysis is informational only and does not constitute legal advice or create a client-adviser relationship. BM Consulting.
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