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V1729-21 3 June 2021 · SG de Tributos Criterion in force
OTRO · declaración informativa

Obligation to file the informative return on foreign accounts if balance limits are exceeded

The taxpayer asks whether they must report a bank account in Germany that is only used temporarily to manage a deposit in Portugal. The DGT responds that if the combined balances as of December 31 exceed €50,000, there is an obligation to report all foreign accounts, including inactive accounts or those with a zero balance.

The question raised

Question raised: Obligation to file the informative return for the instrumental account in Germany.

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