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V3167-16 ·6 July 2016 ·consulta-vinculante Medium impact
Tax

Must file Model 710 if foreign account balances exceed €50,000

A Spanish resident couple asks whether they must submit the foreign accounts declaration for a joint deposit in the Netherlands. The tax authority confirms that reporting is required if the balance exceeds the established thresholds.

In 6 key points

How it affects those involved

Residents must report foreign accounts if the average balance exceeds €50,000, regardless of ownership structure.

Lifecycle

2016-07-06PublishedPublished 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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