Skip to content
V0751-25 ·28 April 2025 ·consulta-vinculante Medium impact
Tax

Tax obligation to file Model 720 depends on fiscal residency in Spain

A taxpayer returning from Brazil asks whether they must declare foreign accounts and assets. The tax authority responds that the obligation to submit Model 720 applies only to residents in Spanish territory.

In 6 key points

How it affects those involved

Residents in Spain must declare foreign assets and bank accounts; non-residents are exempt from filing Model 720.

Lifecycle

2025-04-28PublishedPublished in the BOE
Official text Based on BOE data (boe.es). Information, not advice.

Does this provision affect you?

The tax team reviews your specific situation.

Talk to the tax team
This analysis is informational only and does not constitute legal advice or create a client-adviser relationship. BM Consulting.
Email
Contact