The Form 720 or Annual Mandatory Information Statement of Goods and Rights located abroad is open for filing until the next 31/March. We refer to the one corresponding to the 2019 fiscal year. From our Tax Consulting Department we remind you what it consists of, as well as the corresponding obligations and responsibilities. In practice,…
The Model 720 is the annual Informative Form of goods and rights of economic content located or managed abroad. Of which both natural and legal persons are the owner, representative, authorized, beneficiary, person or entity with powers of disposition or real owner. The experts of our Tax Consulting Dept, summarize below the obligations, exceptions and…
The Tax Form 720, regulated by the Spanish Royal Decree 1558/2012, dated 15th November 2012, introduces the obligation to declare bank accounts, securities and life insurance contracts/rights, as well as real estate located abroad and owned by Spanish residents. It is imposed without discrimination on all Spanish taxpayers, natural persons or legal persons. As Tax…
The UK’s exit from the European Union, or Brexit, will take effect on 29 March. It will therefore become a “third country”. If no agreement is reached on an exit that includes a transitional period, this exit will mean that, from 30 March, the United Kingdom will leave the single market and the customs union.…
On 4 September, Royal Decree Law 11/2018 was published and entered into force, transposing various European Directives, including the 2015/849 Directive on Money Laundering, which was necessary because Spain had not adapted its legislation to these Directives and therefore ran the risk of being sanctioned. Although this regulation only applies to the obligated subjects in…