Doctrine by topic · DGT Observatory

Foreign Accounts: DGT doctrinal evolution

How the DGT's position on this topic has evolved, and the rulings it rests on.

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How the DGT's position has evolved

Settled doctrine High confidence 17 rulings · 2014–2024

Current position

Natural persons resident in Spain must submit the informative declaration on foreign accounts if the balance as of December 31 and the average balance of the last quarter jointly exceed 50,000 euros. If either of these two limits is exceeded, all accounts must be reported. The obligation applies to holders, representatives, authorized persons, or beneficiaries.

The DGT's position remains stable regarding the amount thresholds for the reporting obligation. Aspects have been specified regarding the non-summation of different concepts for the calculation of the limit and the application of the obligation according to tax residence. The interpretation of the obligation following the cancellation of accounts has moved from a mandatory stance to clarifying that there is no general obligation to report the cancellation.

Turning points

  1. V4757-16

    Establishes the exemption for employees if the accounts are recorded individually in the accounting of the parent company resident in Spain.

  2. V0298-18

    Clarifies that there is no general tax obligation to report the cancellation of foreign bank accounts.

  3. V2673-20

    Specifies that it is not necessary to sum the amounts from bank accounts and other securities to determine whether the 50,000 euro exemption limit is exceeded.

Analysis based on 16 of 17 rulings with a stated position. Updated 25 September 2026.

Rulings on this topic

17
V2654-21 3 Nov 2021

No obligation to file Model 720 when not a tax resident

SG de Tributos
modelo 720residencia fiscaldeclaración informativacuentas en el extranjerotitularidad LGT — Ley 58/2003 General Tributaria art. 29LGT — Ley 58/2003 General Tributaria art. 89.1
Affects CompanyExpat · Non-residentIndividual
V0576-20 11 Mar 2020

Ownership condition determines foreign assets declaration obligation

SG de Tributos
declaración informativabienes en el extranjerotitularidadtitular realobligación de información LGT — Ley 58/2003 General Tributaria art. 29LGT — Ley 58/2003 General Tributaria art. 89.1
Affects CompanyExpat · Non-residentIndividual
V0861-18 27 Mar 2018

Duty to file Form 720 if foreign account balances exceed €50,000

SG de Tributos
declaración informativacuentas en el extranjerosaldo mediomodelo 720obligación de informar LGT — Ley 58/2003 General Tributaria art. 29LGT — Ley 58/2003 General Tributaria art. 89.1
Affects CompanyExpat · Non-residentIndividual
V3167-16 6 Jul 2016

Must file Model 710 if foreign account balances exceed €50,000

SG de Tributos
declaración informativacuentas en el extranjerotitularidad conjuntasaldo mediomodelo 710 LGT — Ley 58/2003 General Tributaria art. 29LGT — Ley 58/2003 General Tributaria art. 93
Affects CompanyExpat · Non-residentIndividual
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