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V2911-20 25 September 2020 · SG de Tributos Criterion in force
OTRO · modelo 720

Cash accounts with foreign brokers must be declared in Form 720

A consultant asks whether cash accounts with foreign brokers for CFD and Forex trading must be reported, even if funds are transferred to Spanish accounts or the account is closed before the end of the quarter. The DGT responds that the cash account with a foreign broker is subject to the reporting obligation under Form 720.

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