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V2062-24 ·25 September 2024 ·consulta-vinculante Medium impact
Tax

Requirement to file Model 720 if foreign account balances exceed 50,000 euros

The consultant asks whether they must file Model 720 due to deposits in a Portuguese bank exceeding 50,000 euros. The DGT responds that the informative declaration must be filed unless legally exempted.

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2024-09-25PublishedPublished 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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