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V5025-26 9 June 2026 · SG de Tributos Analysis pending
OTRO · modelo 720

Analysis of the obligation to report Swiss blocked accounts in Form 720

A resident in Spain inquired whether a Swiss pension fund's current account, with blocked funds, must be declared using Form 720. The Directorate-General for Taxes (DGT) ruled that it does not constitute a bank account and that pension rights are excluded, unless they function as a life insurance policy.

Analysis pending. This ruling has been identified and indexed by the automatic ingestion system. BMC's team will complete the plain-language analysis within 24 hours. You may access the official source in the meantime.

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