Form 720 Spain: Declaration of Assets and Rights Held Abroad

We are specialists in tax Form 720 Spain submissions.
Our experts can help you avoid possible fines.
We take care of the whole process on your behalf.
We provide advice on the completion and submission of the controversial Spanish tax Form 720.
More than 1,000 successfully submitted declarations.
We advise on penalties.
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Why ETL ILIA?

Our experience and specialisation in this area allow us to add much more value.

We specialise in Spanish Tax Form 720 as well as other related forms. Full advice is always included.

Helping our clients to avoid fines is what we do best. More than 1,000 happy clients.

We are specialists in international taxation, including income tax for non-residents in Spain, estate taxes, branch incorporations and Form D6.

Form 720 Spain is renowned for being one of the most controversial tax forms in Spain.
The disproportionally high fines associated with it have been the cause of major legal disputes.
If Form 720 Spain is submitted incorrectly or is not submitted at all, it may lead to heavy penalties.

You are an individual or a legal entity with a tax residence inside Spanish territory.
You hold assets abroad valued at over €50.000.
Any previously declared assets have been economically modified.
Form 720 Spain submission has been required for every year since 2012.

If Form 720 Spain is submitted incorrectly or is not submitted at all, it may lead to heavy penalties.

Fines for not submitting Form 720 Spain: Starting at €10,000.
Fines for late submission of Form 720 Spain: Starting at €1,500.
Fines of 150% over personal income tax or corporation tax: The tax authorities may consider assets abroad to be unqualified capital gains and charge a higher fee, on top of a penalty.