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V1013-25 ·17 June 2025 ·consulta-vinculante Low impact
Tax

Obligation to file Model 720 for ETFs held in a foreign entity

A taxpayer asks whether they must file Model 720 having acquired ETFs through a German entity operating in Spain under the regime of free service provision. The DGT confirms that reporting is required, as the entity is neither a Spanish-based commercialiser nor a manager assuming this obligation.

In 6 key points

How it affects those involved

Taxpayers holding ETFs through foreign entities operating in Spain under free service provision must file Model 720.

Lifecycle

2025-06-17PublishedPublished 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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