{"id":13110,"date":"2022-01-20T18:40:38","date_gmt":"2022-01-20T17:40:38","guid":{"rendered":"https:\/\/etl-ilia.es\/general\/modelo-721-declaracion-criptomonedas-extranjero\/"},"modified":"2024-07-17T13:51:23","modified_gmt":"2024-07-17T11:51:23","slug":"form-721-declaration-cryptocurrencies-abroad","status":"publish","type":"post","link":"https:\/\/etl-ilia.es\/en\/taxation-cryptocurrencies\/form-721-declaration-cryptocurrencies-abroad\/","title":{"rendered":"ETL ILIA solves doubts about Form 721 or declaration of cryptocurrencies abroad"},"content":{"rendered":"

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[eh_optimize_youtube_embed video=”https:\/\/www.youtube.com\/watch?v=PuKcKBWAk_Q” banner=”https:\/\/etl-ilia.es\/wp-content\/uploads\/2022\/01\/Entrevista-Modelo-721-_-ILIA-Consulting-3.jpg” width=”800″ height=”533″ “alternate_text=”Video interview about Form 721 with Xavier Vilalta from ETL ILIA”]<\/p>\n

\ud83d\udc49\ud83c\udffb The interview starts at minute 5:22 and lasts about 10 minutes
\n<\/strong>\ud83d\udd0a Turn on video sound<\/strong><\/p>\n<\/div><\/div><\/div><\/div><\/div>

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[eh_optimize_youtube_embed video=”https:\/\/www.youtube.com\/watch?v=PuKcKBWAk_Q” banner=”https:\/\/etl-ilia.es\/wp-content\/uploads\/2022\/01\/Entrevista-Modelo-721-_-ILIA-Consulting-3.jpg” width=”300″ height=”200″ “alternate_text=”Video interview about Form 721 with Xavier Vilalta from ETL ILIA”]<\/p>\n

\ud83d\udc49\ud83c\udffb The interview starts at minute 5:22 and lasts about 10 minutes
\n<\/strong>\ud83d\udd0a Turn on video sound<\/strong><\/p>\n<\/div><\/div><\/div><\/div><\/div>

Our director of the Tax Department, Xavier Vilalta, has resolved some doubts about Form 721<\/strong> or the declaration of cryptocurrencies abroad<\/strong> for Krolus TV (a YouTube channel specialising in economic news with almost 90,000 followers -as of January 2022-).<\/p>\n<\/div>

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Form 721 or declaration of cryptocurrencies abroad<\/strong><\/h2>\n

Interview Highlights<\/strong><\/h3>\n

Form 721<\/strong> was born due to the approval last July of the new Law on anti-fraud measures, which modifies the Spanish Tax Law in which it is said that cryptocurrencies deposited abroad will have to be declared<\/strong>. This generated rumours about what the next steps would be.<\/p>\n

The current Form 720<\/strong><\/a>, as it is written, does not contemplate how to declare cryptocurrencies abroad, and this forces us to wait for what the Ministry of Finance<\/strong> is going to do. In this sense, it seems that it will distance itself from this model by creating three new forms.<\/p>\n