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V1202-14 ·29 April 2014 ·consulta-vinculante Medium impact
Tax

Civil society exempt from foreign assets reporting if accounts are kept

The consultant asks whether a civil society intended for stock market investment must maintain accounting records under Commercial Code and file books with the Commercial Registry. The DGT responds that if the society is considered a legal person and records its accounts and assets individually in its accounting, it is exempt from submitting foreign assets declarations.

In 6 key points

How it affects those involved

Civil societies engaged in investment activities may avoid filing foreign assets declarations if they maintain individual accounting records of their accounts and assets.

Lifecycle

2014-04-29PublishedPublished 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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