{"id":4011,"date":"2020-04-27T17:24:15","date_gmt":"2020-04-27T15:24:15","guid":{"rendered":"https:\/\/etl-ilia.es\/uncategorized\/blog\/formulario-ete-que-es-y-quien-debe-presentarlo\/"},"modified":"2021-05-05T16:17:06","modified_gmt":"2021-05-05T14:17:06","slug":"ete-form-what-is-it-who-should-submit-it","status":"publish","type":"post","link":"https:\/\/etl-ilia.es\/en\/form-720-spain\/ete-form-what-is-it-who-should-submit-it\/","title":{"rendered":"ETE Form, what is it and who should submit it?"},"content":{"rendered":"<p><div class=\"fusion-fullwidth fullwidth-box fusion-builder-row-1 fusion-flex-container nonhundred-percent-fullwidth non-hundred-percent-height-scrolling titulo-microsite-container\" style=\"--awb-border-radius-top-left:0px;--awb-border-radius-top-right:0px;--awb-border-radius-bottom-right:0px;--awb-border-radius-bottom-left:0px;--awb-flex-wrap:wrap;\" ><div class=\"fusion-builder-row fusion-row fusion-flex-align-items-flex-start fusion-flex-content-wrap\" style=\"max-width:1248px;margin-left: calc(-4% \/ 2 );margin-right: calc(-4% \/ 2 );\"><div class=\"fusion-layout-column fusion_builder_column fusion-builder-column-0 fusion_builder_column_1_1 1_1 fusion-flex-column\" style=\"--awb-bg-size:cover;--awb-width-large:100%;--awb-margin-top-large:0px;--awb-spacing-right-large:1.92%;--awb-margin-bottom-large:0px;--awb-spacing-left-large:1.92%;--awb-width-medium:100%;--awb-spacing-right-medium:1.92%;--awb-spacing-left-medium:1.92%;--awb-width-small:100%;--awb-spacing-right-small:1.92%;--awb-spacing-left-small:1.92%;\"><div class=\"fusion-column-wrapper fusion-column-has-shadow fusion-flex-justify-content-flex-start fusion-content-layout-column\"><div class=\"fusion-text fusion-text-1 titulo-microsite\"><p style=\"text-align: center; margin-top: 28px;\"><a href=\"https:\/\/etl-ilia.es\/en\/form-720-spain\" target=\"_blank\" rel=\"noopener noreferrer\">FORM 720 SPAIN<\/a><\/p>\n<\/div><\/div><\/div><\/div><\/div>\n<div class=\"fusion-fullwidth fullwidth-box fusion-builder-row-2 fusion-flex-container nonhundred-percent-fullwidth non-hundred-percent-height-scrolling\" style=\"--awb-border-radius-top-left:0px;--awb-border-radius-top-right:0px;--awb-border-radius-bottom-right:0px;--awb-border-radius-bottom-left:0px;--awb-flex-wrap:wrap;\" ><div class=\"fusion-builder-row fusion-row fusion-flex-align-items-flex-start fusion-flex-content-wrap\" style=\"max-width:1248px;margin-left: calc(-4% \/ 2 );margin-right: calc(-4% \/ 2 );\"><div class=\"fusion-layout-column fusion_builder_column fusion-builder-column-1 fusion_builder_column_1_1 1_1 fusion-flex-column fusion-animated small-column\" style=\"--awb-bg-size:cover;--awb-width-large:100%;--awb-margin-top-large:0px;--awb-spacing-right-large:1.92%;--awb-margin-bottom-large:20px;--awb-spacing-left-large:1.92%;--awb-width-medium:100%;--awb-spacing-right-medium:1.92%;--awb-spacing-left-medium:1.92%;--awb-width-small:100%;--awb-spacing-right-small:1.92%;--awb-spacing-left-small:1.92%;\" data-animationType=\"fadeInUp\" data-animationDuration=\"0.4\" data-animationOffset=\"top-into-view\"><div class=\"fusion-column-wrapper fusion-column-has-shadow fusion-flex-justify-content-flex-start fusion-content-layout-column\"><div class=\"fusion-title title fusion-title-1 fusion-sep-none fusion-title-text fusion-title-size-two\" style=\"--awb-margin-top-small:0px;--awb-margin-right-small:0px;--awb-margin-bottom-small:10px;--awb-margin-left-small:0px;\"><h2 class=\"fusion-title-heading title-heading-left fusion-responsive-typography-calculated\" style=\"margin:0;--fontSize:26;line-height:1.3;\">Do you carry out transactions abroad with a value greater than \u20ac1,000,000 per year?<\/h2><\/div><div class=\"fusion-text fusion-text-2 contenido-texto\" id=\"post\"><p class=\"intro\">If so, you may be required to submit an <strong>ETE Form Spain<\/strong>. In this post, we tell you what it is, who should submit it and how it should be completed.<\/p>\n<p>Many companies and individuals are unaware of the obligation to submit an <strong>ETE Form Spain<\/strong>. It is an informative declaration that is presented for statistical purposes. It is different from model 720 or the Informative declaration on goods and rights abroad, which are submitted to the Tax Agency and fall under their remit.<\/p>\n<\/div><\/div><\/div><\/div><\/div><div class=\"fusion-fullwidth fullwidth-box fusion-builder-row-3 fusion-flex-container nonhundred-percent-fullwidth non-hundred-percent-height-scrolling\" style=\"--awb-border-radius-top-left:0px;--awb-border-radius-top-right:0px;--awb-border-radius-bottom-right:0px;--awb-border-radius-bottom-left:0px;--awb-flex-wrap:wrap;\" id=\"toc\" ><div class=\"fusion-builder-row fusion-row fusion-flex-align-items-flex-start fusion-flex-content-wrap\" style=\"max-width:calc( 1200px + 0px );margin-left: calc(-0px \/ 2 );margin-right: calc(-0px \/ 2 );\"><div class=\"fusion-layout-column fusion_builder_column fusion-builder-column-2 fusion_builder_column_1_1 1_1 fusion-flex-column fusion-animated small-column\" style=\"--awb-bg-size:cover;--awb-border-color:#5c5c5c;--awb-border-top:0;--awb-border-right:0;--awb-border-bottom:0;--awb-border-left:0;--awb-border-style:solid;--awb-width-large:100%;--awb-margin-top-large:0px;--awb-spacing-right-large:0px;--awb-margin-bottom-large:0px;--awb-spacing-left-large:0px;--awb-width-medium:100%;--awb-spacing-right-medium:0px;--awb-spacing-left-medium:0px;--awb-width-small:100%;--awb-spacing-right-small:0px;--awb-spacing-left-small:0px;\" data-animationType=\"fadeInUp\" data-animationDuration=\"0.5\" data-animationOffset=\"top-mid-of-view\"><div class=\"fusion-column-wrapper fusion-column-has-shadow fusion-flex-justify-content-flex-start fusion-content-layout-column\"><div class=\"accordian fusion-accordian\" style=\"--awb-border-size:1px;--awb-icon-size:13px;--awb-content-font-size:16px;--awb-icon-alignment:right;--awb-hover-color:#f9f9f9;--awb-border-color:#5c5c5c;--awb-background-color:#ffffff;--awb-divider-color:#e0dede;--awb-divider-hover-color:#e0dede;--awb-icon-color:#ffffff;--awb-title-color:#169e8c;--awb-content-color:#666666;--awb-icon-box-color:#333333;--awb-toggle-hover-accent-color:#5c5c5c;--awb-title-font-family:&quot;Lora&quot;;--awb-title-font-weight:400;--awb-title-font-style:normal;--awb-content-font-family:&quot;Oxygen&quot;;--awb-content-font-style:normal;--awb-content-font-weight:400;\" id=\"toc-toggle\"><div class=\"panel-group fusion-toggle-icon-right fusion-toggle-icon-boxed\" id=\"accordion-4011-1\"><div class=\"fusion-panel panel-default toc panel-dc79908755da067d9 fusion-toggle-no-divider fusion-toggle-boxed-mode\"><div class=\"panel-heading\"><h4 class=\"panel-title toggle\" id=\"toggle_dc79908755da067d9\"><a class=\"active\" aria-expanded=\"true\" aria-controls=\"dc79908755da067d9\" role=\"button\" data-toggle=\"collapse\" data-target=\"#dc79908755da067d9\" href=\"#dc79908755da067d9\"><span class=\"fusion-toggle-icon-wrapper\" aria-hidden=\"true\"><i class=\"fa-fusion-box active-icon awb-icon-minus\" aria-hidden=\"true\"><\/i><i class=\"fa-fusion-box inactive-icon awb-icon-plus\" aria-hidden=\"true\"><\/i><\/span><span class=\"fusion-toggle-heading\">Questions about ETE Form<\/span><\/a><\/h4><\/div><div id=\"dc79908755da067d9\" class=\"panel-collapse collapse in\" aria-labelledby=\"toggle_dc79908755da067d9\"><div class=\"panel-body toggle-content fusion-clearfix\">\n<ul>\n<li><a href=\"#what-is-ETE-form-spain\">What is ETE Form Spain?<\/a><\/li>\n<li><a href=\"#who-must-submit-the-ETE-form-spain\">Who must submit the ETE Form Spain?<\/a><\/li>\n<li><a href=\"#when-should-the-return-be-filed\">When should the return be filed?<\/a><\/li>\n<li><a href=\"#how-is-the-ETE-form-spain-submitted\">How is the ETE Form Spain submitted?<\/a><\/li>\n<li><a href=\"#how-is-the-ETE-form-spain-filled-out\">How is the ETE Form Spain filled out?<\/a><\/li>\n<li><a href=\"#what-happens-if-you-do-not-submit-the-ETE-form-spain-or-do-it-after-the-deadline\">What happens if you do not submit the ETE Form Spain or do it after the deadline?<\/a><\/li>\n<\/ul>\n<\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><div class=\"fusion-fullwidth fullwidth-box fusion-builder-row-4 fusion-flex-container nonhundred-percent-fullwidth non-hundred-percent-height-scrolling\" style=\"--awb-border-radius-top-left:0px;--awb-border-radius-top-right:0px;--awb-border-radius-bottom-right:0px;--awb-border-radius-bottom-left:0px;--awb-flex-wrap:wrap;\" ><div class=\"fusion-builder-row fusion-row fusion-flex-align-items-flex-start fusion-flex-content-wrap\" style=\"max-width:1248px;margin-left: calc(-4% \/ 2 );margin-right: calc(-4% \/ 2 );\"><div class=\"fusion-layout-column fusion_builder_column fusion-builder-column-3 fusion_builder_column_1_1 1_1 fusion-flex-column fusion-animated small-column\" style=\"--awb-bg-size:cover;--awb-width-large:100%;--awb-margin-top-large:0px;--awb-spacing-right-large:1.92%;--awb-margin-bottom-large:20px;--awb-spacing-left-large:1.92%;--awb-width-medium:100%;--awb-spacing-right-medium:1.92%;--awb-spacing-left-medium:1.92%;--awb-width-small:100%;--awb-spacing-right-small:1.92%;--awb-spacing-left-small:1.92%;\" data-animationType=\"fadeInUp\" data-animationDuration=\"0.4\" data-animationOffset=\"top-into-view\"><div class=\"fusion-column-wrapper fusion-column-has-shadow fusion-flex-justify-content-flex-start fusion-content-layout-column\"><div class=\"fusion-text fusion-text-3 contenido-texto\" id=\"post\"><div id=\"what-is-ETE-form-spain\" class=\"anchor\"><\/div>\n<h2 data-fontsize=\"22\" data-lineheight=\"33\">What is ETE Form Spain?<\/h2>\n<p>The <strong>ETE Form Spain<\/strong> is regulated by the Bank of Spain Circular 4\/2012, which entered into force on January 1, 2013. It is a statement that both individuals and legal entities must submit to report financial balances and transactions that are carried out abroad. At the end of the year, they have a value greater than 1 million euros.<\/p>\n<div id=\"who-must-submit-the-ETE-form-spain\" class=\"anchor\"><\/div>\n<h2 data-fontsize=\"22\" data-lineheight=\"33\">Who must submit the ETE Form Spain?<\/h2>\n<p>The <strong>ETE Form Spain<\/strong> must be submitted by both natural and legal persons resident in Spain who carry out the operations mentioned in the previous section with non-residents. Payment service operators registered with the Bank of Spain are excluded.<\/p>\n<p>Tax residence in Spain is determined by a series of criteria established by the General Tax Law. Natural persons are understood to reside in Spain when:<\/p>\n<ul>\n<li>They remain in Spanish territory for more than 183 days during the calendar year.<\/li>\n<li>The base of their economic activities is in Spain.<\/li>\n<li>Their spouse and minor children live in Spain. This third case admits proof to the contrary.<\/li>\n<\/ul>\n<p>In the case of legal entities, it will be understood that they reside in Spain when their fiscal domicile is in our country, provided that they have administrative management and business management in Spanish territory.<\/p>\n<div id=\"when-should-the-return-be-filed\" class=\"anchor\"><\/div>\n<h2 data-fontsize=\"22\" data-lineheight=\"33\">When should the return be filed?<\/h2>\n<p>The time of submission of the <strong>ETE Form Spain<\/strong> will depend on the value of the transactions. In general, there are three schedules for submission:<\/p>\n<ul>\n<li><strong>Annual<\/strong>. This schedule applies if the value of transactions or balances of assets and liabilities of the previous year (the amounts as of December 31 will be considered) is less than 100 million euros. The deadline for submission is January 20 of each year.<\/li>\n<li><strong>Quarterly<\/strong>. This schedule applies if transactions or balances of assets and liabilities at December 31 are equal to or greater than 100 million euros. It must be submitted within 20 days after the end of the quarter.<\/li>\n<li><strong>Monthly<\/strong>. This schedule applies if transactions or balances of assets and liabilities as of December 31 are equal to or greater than 300 million euros. The submission period is 20 calendar days after the end of each month.<\/li>\n<\/ul>\n<div id=\"how-is-the-ETE-form-spain-submitted\" class=\"anchor\"><\/div>\n<h2 data-fontsize=\"22\" data-lineheight=\"33\">How is the ETE Form Spain submitted?<\/h2>\n<p>The declaration is submitted only electronically in PDF or XML format, and the latest version of the form published by the Bank of Spain must be used. In addition, in order to submit the form electronically, the declarant must have an authorized electronic certificate installed.<\/p>\n<p>Currently, there are two types of forms:<\/p>\n<ul>\n<li>Form for legal entities and individuals, which is used in monthly, quarterly and annual declarations. In the latter case, the amounts of the transactions or balances may not exceed 50 million euros and less than 100 million.<\/li>\n<li>Summary annual declaration form, to be used when the sum of the transactions and balances is greater than 1 million euros and less than 50 million. This form is only used for returns on an annual basis.<\/li>\n<\/ul>\n<div id=\"how-is-the-ETE-form-spain-filled-out\" class=\"anchor\"><\/div>\n<h2 data-fontsize=\"22\" data-lineheight=\"33\">How is the ETE Form Spain filled out?<\/h2>\n<p>The <strong>ETE Form Spain<\/strong> has the following sections:<\/p>\n<ul>\n<li><strong>Declarant data<\/strong>. This section includes the NIF or NIE, name or company name, the CNAE code, registered office and contact details (contact persons, telephone, email, etc.).<\/li>\n<li><strong>Declaration period<\/strong>. The declaration period and frequency (monthly, quarterly or annual) will have to be defined.<\/li>\n<li><strong>Investments to declare<\/strong>. At the first level of specification, the following 8 investment types are considered:\n<ul>\n<li>Shares, other forms of equity participation and their returns.<\/li>\n<li>Negotiable securities deposited in non-resident entities and negotiable issues of the declarant abroad and their returns.<\/li>\n<li>Non-negotiable fixed income securities and their returns.<\/li>\n<li>Acquisitions \/ temporary assignments, securities loans and their returns.<\/li>\n<li>Loans, credits, deposits, accounts and their returns.<\/li>\n<li>Soils, land and real estate and their yields.<\/li>\n<li>Financial derivatives.<\/li>\n<li>Commercial credits and other operations with non-residents not included in the previous headings<\/li>\n<\/ul>\n<\/li>\n<\/ul>\n<p>Within each of these first-level investment types, there are others of the second and third level.<\/p>\n<div id=\"what-happens-if-you-do-not-submit-the-ETE-form-spain-or-do-it-after-the-deadline\" class=\"anchor\"><\/div>\n<h2 data-fontsize=\"22\" data-lineheight=\"33\">What happens if you do not submit the ETE Form Spain or do it after the deadline?<\/h2>\n<p>The penalties for not submitting the <strong>ETE Form Spain<\/strong> or doing it after the deadline are high, despite being an informative statement. Penalties are a minimum of 6,000 euros for serious offences or a minimum of 3,000 euros for minor offences.<\/p>\n<div id=\"gtx-trans\" style=\"position: absolute; left: 387px; top: 1802.81px;\">\n<div class=\"gtx-trans-icon\"><\/div>\n<\/div>\n<\/div><\/div><\/div><\/div><\/div><div class=\"fusion-fullwidth fullwidth-box fusion-builder-row-5 fusion-flex-container nonhundred-percent-fullwidth non-hundred-percent-height-scrolling modals\" style=\"--awb-border-radius-top-left:0px;--awb-border-radius-top-right:0px;--awb-border-radius-bottom-right:0px;--awb-border-radius-bottom-left:0px;--awb-flex-wrap:wrap;\" ><div class=\"fusion-builder-row fusion-row fusion-flex-align-items-flex-start fusion-flex-content-wrap\" style=\"max-width:calc( 1200px + 0px );margin-left: calc(-0px \/ 2 );margin-right: calc(-0px \/ 2 );\"><div class=\"fusion-layout-column fusion_builder_column fusion-builder-column-4 fusion_builder_column_1_1 1_1 fusion-flex-column\" style=\"--awb-bg-blend:overlay;--awb-bg-size:cover;--awb-width-large:100%;--awb-margin-top-large:0px;--awb-spacing-right-large:0px;--awb-margin-bottom-large:0px;--awb-spacing-left-large:0px;--awb-width-medium:100%;--awb-spacing-right-medium:0px;--awb-spacing-left-medium:0px;--awb-width-small:100%;--awb-spacing-right-small:0px;--awb-spacing-left-small:0px;\"><div class=\"fusion-column-wrapper fusion-column-has-shadow fusion-flex-justify-content-flex-start fusion-content-layout-column\"><div class=\"fusion-modal modal fade modal-1 share share-modal\" tabindex=\"-1\" role=\"dialog\" aria-labelledby=\"modal-heading-1\" aria-hidden=\"true\" style=\"--awb-border-color:#ebebeb;--awb-background:#f6f6f6;\"><div class=\"modal-dialog modal-lg\" role=\"document\"><div class=\"modal-content fusion-modal-content\"><div class=\"modal-header\"><button class=\"close\" type=\"button\" data-dismiss=\"modal\" aria-hidden=\"true\" aria-label=\"Close\">&times;<\/button><h3 class=\"modal-title\" id=\"modal-heading-1\" data-dismiss=\"modal\" aria-hidden=\"true\">Share:<\/h3><\/div><div class=\"modal-body fusion-clearfix\"><\/div><\/div><\/div><\/div><\/div><\/div><\/div><div class=\"fusion-builder-row fusion-row fusion-flex-align-items-flex-start fusion-flex-content-wrap\" style=\"max-width:calc( 1200px + 0px );margin-left: calc(-0px \/ 2 );margin-right: calc(-0px \/ 2 );\"><\/div><\/div>\n<div class=\"fusion-fullwidth fullwidth-box fusion-builder-row-6 fusion-flex-container nonhundred-percent-fullwidth non-hundred-percent-height-scrolling\" style=\"--awb-border-radius-top-left:0px;--awb-border-radius-top-right:0px;--awb-border-radius-bottom-right:0px;--awb-border-radius-bottom-left:0px;--awb-flex-wrap:wrap;\" ><div class=\"fusion-builder-row fusion-row fusion-flex-align-items-flex-start fusion-flex-content-wrap\" style=\"max-width:1248px;margin-left: calc(-4% \/ 2 );margin-right: calc(-4% \/ 2 );\"><div class=\"fusion-layout-column fusion_builder_column fusion-builder-column-5 fusion_builder_column_1_1 1_1 fusion-flex-column fusion-animated small-column\" style=\"--awb-padding-top:5px;--awb-padding-right:10px;--awb-padding-left:10px;--awb-overflow:hidden;--awb-bg-color:#f9f9f9;--awb-bg-color-hover:#f9f9f9;--awb-bg-size:cover;--awb-border-color:#dbdbdb;--awb-border-top:1px;--awb-border-right:1px;--awb-border-bottom:1px;--awb-border-left:1px;--awb-border-style:solid;--awb-border-radius:3px 3px 3px 3px;--awb-width-large:100%;--awb-margin-top-large:0px;--awb-spacing-right-large:1.92%;--awb-margin-bottom-large:20px;--awb-spacing-left-large:1.92%;--awb-width-medium:100%;--awb-order-medium:0;--awb-spacing-right-medium:1.92%;--awb-spacing-left-medium:1.92%;--awb-width-small:100%;--awb-order-small:0;--awb-spacing-right-small:1.92%;--awb-spacing-left-small:1.92%;\" data-animationType=\"fadeInUp\" data-animationDuration=\"0.4\" data-animationOffset=\"top-into-view\"><div class=\"fusion-column-wrapper fusion-column-has-shadow fusion-flex-justify-content-center fusion-content-layout-column\"><script data-b24-form=\"click\/30\/i5k01s\" data-skip-moving=\"true\">\n        (function(w,d,u){\n                var s=d.createElement('script');s.async=true;s.src=u+'?'+(Date.now()\/180000|0);\n                var h=d.getElementsByTagName('script')[0];h.parentNode.insertBefore(s,h);\n        })(window,document,'https:\/\/cdn.bitrix24.es\/b16501187\/crm\/form\/loader_30.js');\n<\/script><div class=\"fusion-text fusion-text-4\" style=\"--awb-text-color:#636363;\"><p class=\"intro\" style=\"text-align: center;\">In short, it is important to have the help of a <strong>tax advisor<\/strong> who studies your situation, helps you determine whether or not you should submit the form, and completes all the procedures to fulfil the obligation.<\/p>\n<p style=\"text-align: center;\"><div class=\"fusion-button-wrapper fusion-aligncenter\"><a class=\"fusion-button button-flat fusion-button-default-size button-default fusion-button-default button-1 fusion-button-default-span fusion-button-default-type\" style=\"--button-border-radius-top-left:4px;--button-border-radius-top-right:4px;--button-border-radius-bottom-right:4px;--button-border-radius-bottom-left:4px;\" target=\"_self\"><span class=\"fusion-button-text awb-button__text awb-button__text--default\">SEND INQUIRY<\/span><\/a><\/div><\/p>\n<\/div><\/div><\/div><\/div><\/div><\/p>\n","protected":false},"excerpt":{"rendered":"","protected":false},"author":2,"featured_media":2589,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[85],"tags":[103],"class_list":["post-4011","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-form-720-spain","tag-form-ete-spain"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.5 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>ETE Form, what is it and who should submit it? | ETL 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