Persons or entities that are obliged to submit the disclosure statement, model 720, briefing rights abroad , both for bank accounts located abroad, such as securities or insurance or real estate outside and rights of assets abroad, have always made within the legal period stipulated .
So far, with the additional provision of Law 58/2003 which regulates the 720 model, predicted a 150% penalty for filing after the deadline of this model , considering the goods reported a capital gain is not justified to integrate the tax declaration period oldest not prescribed.
8th additional provision:
However, last June, the Directorate General of Tributos (DGT) of Spain gave response to a binding consultation(V1434-17) on the implications of a voluntary self-assessment untimely adjustment model 720.
In this case, the DGT was determined that the extent voluntarily , the person or entity extemporàniament rectify the situation , will not sanction from 150%.
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