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V0630-25 ·8 April 2025 ·consulta-vinculante Low impact
Tax

Calculation of average balance for accounts opened after 1 October

A taxpayer asks how to calculate the average balance of the last quarter for foreign assets declaration if the account was opened after 1 October. The DGT responds that the calculation should be made from the opening date to 31 December to accurately reflect the held position.

In 6 key points

How it affects those involved

Taxpayers with foreign asset declarations must calculate average balances from account opening to 31 December for accurate reporting.

Lifecycle

2025-04-08PublishedPublished 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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