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V0813-17 30 March 2017 · SG de Tributos Criterion in force
OTRO · modelo 720

Obligation to declare foreign bank accounts and derivatives: distinction between bank accounts and derivative instruments

The consultant asks whether investments in shares, CFDs, futures and forex abroad must be reported in Form 720. The tax authority responds that shares must be declared, but derivatives do not, although information on the cash account used for trading must be provided.

The question raised

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