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V5035-26 15 June 2026 · SG de Tributos Analysis pending
IRPF · modelo 720

Reporting obligations for Form 720 depend on account management, not just the IBAN

A taxpayer has enquired whether changing the IBAN of their foreign accounts necessitates filing Form 720. The Directorate General for Taxes (DGT) clarifies that the obligation depends on whether the account becomes located in Spain and whether there is a change in ownership.

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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