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V0861-18 ·27 March 2018 ·consulta-vinculante Medium impact
Tax

Duty to file Form 720 if foreign account balances exceed €50,000

The taxpayer asks whether Form 720 must be filed for a foreign fixed-term deposit whose revaluation causes the balance to exceed €50,000. The tax authority confirms that the obligation arises if the balance at 31 December or the average balance in the last quarter exceeds this threshold.

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2018-03-27PublishedPublished in the BOE
Official text Based on BOE data (boe.es). Information, not advice.

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