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V2673-20 ·31 August 2020 ·consulta-vinculante Medium impact
Tax

No mandatory to submit foreign assets declaration if balances below €50,000

The taxpayer asks whether opening a new deposit for €15,000 would require submitting the foreign assets declaration. The tax authority responds that no obligation exists if deposit and investment balances separately do not exceed €50,000.

In 6 key points

How it affects those involved

Taxpayers are not required to submit the foreign assets declaration if their deposit and investment balances remain below €50,000.

Lifecycle

2020-08-31PublishedPublished 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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