Skip to content
Back to index
V0580-17 8 March 2017 · SG de Tributos Criterion in force
OTRO · declaración informativa

No mandatory to submit foreign accounts declaration if balance doesn't exceed 20,000 € or ownership is lost

A taxpayer asks whether they must resubmit a German account declaration after reducing the balance. The DGT responds that submission is only required in subsequent years if the total balance exceeds 20,000 euros compared to the previous declaration or if ownership is lost.

The question raised

Question posed: Confirmation that it is not necessary to resubmit the Informative Return until the necessary increase in balances occurs or its cancellation takes place, as well as confirmation that in the event of transferring capital to that same account in the future and the balance exceeds 20,000 € with respect to the last return filed, i.e., that of 2012.

The DGT's ruling

The submission of the informative return in successive years is only mandatory when the combined balances experience an increase exceeding 20,000 euros compared to those that determined the last return. It shall also be mandatory if the holder, representative, authorized person, beneficiary, or person with powers of disposal ceases to hold such status.

Apply this to a real case

What is published here, applied to a company or a specific case. The first meeting is free.

Email
Contact