SPANISH TAXES FOR EXPATS
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MODELO 720 AEAT
The Model 720 is an informative declaration that any tax resident in Spain who has assets or rights abroad is obliged to file.
Accounts and open deposits in banking entities.
Investments and participations.
Real estate and rights over them.
We will study, free of charge, if you have the obligation to file the 720 or 721
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RIGHT
Making decisions without verified information is very dangerous.
Failure to file having obligation entails important fines.
Thinking that the AEAT does not have information on assets outside Spain
To prepare the form personally without the help of professionals.
Filing the form 720 or 721 out of time or incorrectly.
Not informing the tax agency may end up in an inspection
Ask a specialist if you should file it or not and put yourself in their hands.
Take into account all our assets (goods and rights) outside Spain.
Make sure that the information coincides with forms 100, 714 (AEAT) and 1040 (IRS).
Get advice to see if you must declare cryptocurrencies with the specific model 721.
It is highly recommended to file all taxes with the same taxpayer.
Be up to date with your informative declarations
Modelo 721
Annual report on virtual currencies located abroad
Specifically, model 721 is aimed at individuals who own cryptos and have a portfolio with a value of at least € 50,000.
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