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V5016-26 5 June 2026 · SG de Tributos Criterion in force
OTRO · modelo 720

Duty to report foreign accounts and securities after moving to Spanish IBAN

A Spanish tax resident enquired whether they had to declare their German bank account after migrating their cash account to a Spanish IBAN. The DGT states that the bank account is no longer foreign and the financial institution must report it, but the obligation regarding securities depends on their location.

The question raised

Cuestión planteada 1-. Obligatoriedad en la presentación de la declaración informativa sobre bienes o derechos situados en el extranjero, al amparo de los artículos 42 bis y 42 ter del RGAT.

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