Many Spaniards have accounts and real estate outside of Spain, and since the appearance of Form 720 Spain<\/strong>, they have been forced to inform the Treasury. In January, another measure arrived that has worried taxpayers, which is the lifting of banking secrecy in Andorra. Do you have assets abroad and have not yet declared them? If so, what we are going to tell you interests you.<\/p>\n<\/div><\/div><\/div><\/div><\/div> Some time ago, Andorra signed a common information protocol with several countries that aims to fight tax fraud. Based on this protocol, the signatory countries of the agreement exchange information on the accounts that the clients have in each country. This news has meant that taxpayers who have assets abroad are approached, and one of the most useful tools in this regard has been Form 720 Spain<\/strong>.<\/p>\n Form 720 Spain is an informative declaration by means of which the Spanish Treasury is informed of the existence of:<\/p>\n Form 720 for the year 2017 must be submitted between January 1 and April 2, 2018.<\/p>\n It is important not only that you know the existence of the Model 720 and what it consists of, but also if you are obliged or not to declare. These are those required to declare:<\/p>\n In relation to Form 720 Spain<\/strong> there are a series of infractions<\/strong> that we must take into account to avoid a penalty from the Treasury. The infractions are the following:<\/p>\n The infractions that we have detailed carry important sanctions<\/strong> such as the following:<\/p>\n These penalties could be added to others derived from the Personal Income Tax (IRPF) or the Corporation Tax (IS) if it is considered that the assets abroad are unjustified capital gains.<\/p>\n<\/i><\/i><\/span>Questions about Andorra lifts bank secrecy<\/span><\/a><\/h4><\/div>
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The goods abroad and the manufacture of the Form 720 Spain<\/h2>\n
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Form 720 Spain: obliged to declare<\/h2>\n
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What happens if you do not submit Form 720 Spain or do it out of time?<\/h2>\n
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Form 720 Spain in question<\/h2>\n