As of today, there have been no updates on the agencia tributaria website since last year, so for now we are assuming that nothing has changed in the rules. Jan 16, 2017 it is now four years deeply unpopular modelo 720, the declaration of foreign assets, has been with us. The intention is that all fiscal residents of spain report details of assets held overseas if they exceed certain values. Feb 24, 2016 as a resident of spain, you are legally obliged to correctly report all your overseas assets on modelo 720. Modelo 720 declaration of foreign assets 2017 update. Formalities information and assistance description. Modelo 720 declaration of foreign assets declaracion.
Information return on assets and rights held abroad. No tax will be levied on these assets, but the records will be used and compared against income tax returns, to ensure that income generated from these assets is being reported for example rental income, which is typically not. As a resident of spain, you are legally obliged to correctly report all your overseas assets on modelo 720. It is now four years deeply unpopular modelo 720, the declaration of foreign assets, has been with us. Filling in the modelo 720 for expats living in spain jean galea. February 5, 2014 spaiscom in this world nothing can. Presentacion electronica del modelo 720 agencia tributaria. For failing to file modelo 720 or filing it incorrectly. Mar 30, 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.
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