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V0971-26 29 April 2026 · SG de Tributos Criterion in force
OTRO · modelo 720

Model 720 submission required if balances exceed 50,000 euros or increase by more than 20,000 euros

The consultant asks about the obligation to report a foreign account they hold. The DGT clarifies that Model 720 must be submitted only if the total balance of accounts exceeds the set thresholds and has increased by more than 20,000 euros compared to the previous declaration.

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