European Commission opens an infringement procedure against Spain regarding the obligation to declare assets and rights located abroad (form 720)

The European Commission has recently opened an infringement procedure against Spain, challenging certain points of the Spanish legislation on the obligation to declare assets and rights located abroad through form 720.

The procedure will presumably make it necessary for the Spanish legislator to reconsider the consequences deriving from the non-submission of the form 720, and it will probably open the gate to an extraordinary regularisation procedure for all those taxpayers that have not filed the return within the statutory deadline, with less severe penalties and the possibility to allege the statute of limitations.

 

Descargar archivos adjuntosDescargar

To Top
Resumen de privacidad

Esta web utiliza cookies para que podamos ofrecerte la mejor experiencia de usuario posible. La información de las cookies se almacena en tu navegador y realiza funciones tales como reconocerte cuando vuelves a nuestra web o ayudar a nuestro equipo a comprender qué secciones de la web encuentras más interesantes y útiles.