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V2869-18 5 November 2018 · SG de Tributos Criterion in force
OTRO · modelo 720

Proxies may be exempt from Form 720 if the account is recorded in the parent company's accounts

A query was raised regarding the definition of ancillary accounting documents that would allow proxies for foreign subsidiary accounts to be exempt from filing Form 720. The DGT ruled that the exemption applies if the Spanish-resident parent company records the account in its consolidated accounts or in the notes to the annual accounts, or if it is recorded in ancillary accounting documents that are consistent with the annual accounts.

The question raised

Cuestión planteada De cara a que dichos apoderados queden exonerados de la presentación del modelo 720, ¿qué se debe entender por documentos contables accesorios?

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