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V0954-14 3 April 2014 · SG de Tributos Criterion in force
IP · declaración informativa

No mandatory to file Model 720 if foreign assets increase by no more than €20,000

A taxpayer asks whether they must file the foreign assets declaration (Model 720) for 2013 after filing for 2012. The tax authority responds that no obligation exists if the total value of assets has increased by no more than €20,000 compared to the previous declaration.

The question raised

Is it mandatory or not to file the informative return on assets and rights located abroad (Form 720) for the 2013 fiscal year?

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