Modelo 720 aeat pdf download

The modelo 720 overseas asset declaration is it legal or not. Tax regulations and links to understand how to fill new spanish tax form720. Spanish tax residents are obliged to fill out this 720 form and make the tax authorities the hacienda aware of their fiscal activity in other. If you have previously submitted a form, you only need to declare assets if they have grown a certain amount or you have sold or closed them. You can continue to fill in the form manually or import to choose a file created with the same form or with a program other than that of the aeat and that follows. We are fast approaching 31st march, the deadline by which residents in spain need to submit their annual form 720 modelo 720 listing their overseas assets, where applicable. It is required to file this form every year before march 31. In subsequent years you will need to resubmit the modelo 720 if any of the accounts are closed or if the value in any of these three categories increases by 20,000 euro or more. Presentacion electronica del modelo 720 agencia tributaria. Formalities information and assistance description.

Resident foreign assets reporting ec infringement procedure. Filling in the modelo 720 for expats living in spain jean galea. Apr 14, 2020 the deadline for filing the 720 form is from 1 january to 31 march of the year following that for which the information must be reported. The ec found that the penalties established for the modelo 720 are much. This form must be filed by all spanish residents owning assets abroad, only if they are over the limits described below. Recopilacion preguntas frecuentes modelo 720 agencia. Modelo 720 must be file for the first time if any of these blocks exceeds the amount of 50,000 and only the block in which the amount is exceeded and the consecutive years if there is an increase of 20. Electronically filing form 720 tax agency agencia tributaria. I have a single property outside of spain and have previously filed a modelo 720 for it. Local authoritieswithholding and agreements procedure. Sadly, i have to tell them they are now wrong on both counts. Modelo 720 is an informative declaration on goods and rights. Over the past year, i have come across many an expat, not just uk expats, but dutch, belgium and german who have said to me, i am not doing the modelo 720 as the eu has ruled it is illegal, and also the spanish authorities will never find out if i dont declare. I have a question in case you are able to help me at this difficult time.