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V0580-17 ·8 March 2017 ·consulta-vinculante Medium impact
FISCAL

No mandatory to submit foreign accounts declaration if balance doesn't exceed 20,000 € or ownership is lost

A taxpayer asks whether they must resubmit a German account declaration after reducing the balance. The DGT responds that submission is only required in subsequent years if the total balance exceeds 20,000 euros compared to the previous declaration or if ownership is lost.

In 6 key points

Lifecycle

2017-03-08PublishedPublished 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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