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V2997-23 ·15 November 2023 ·consulta-vinculante Medium impact
Tax

Resident and real owner may be exempt from reporting foreign assets if recorded in accounting books

The DGT clarifies that both the resident company and its real owner may be exempt from reporting foreign assets if such assets are individually recorded in the resident company's accounting books.

In 6 key points

How it affects those involved

Companies and their real owners may avoid reporting foreign assets if they are properly recorded in internal accounting records.

Lifecycle

2023-11-15PublishedPublished 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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