Foreign Assets Declaration (M720)

Tax Form 720 in Spain: Avoiding Penalties

16/12/2018
Tax Form 720 in Spain: Avoiding Penalties

Those who are tax resident in Spain (both local Spanish residents and expats resident in Spain) are legally obliged to provide information to the Spanish tax authorities regarding any offshore accounts, offshore investments, and real estate located abroad. It should be noted that tax form 720 does not imply additional taxation (it is an informative form). […]

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