Modelo 720

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02 May 2015 12:20 by Nels Star rating. 14 posts Send private message

All foreign tax residents of Spain must declare their pensions (private and civil service) to the Hacienda, at this tax return moment there is an amnesty allowing declaration without penalties!

In addition a modelo 720 must be declared for any additional assets aquired since the last declaration, if this is done through a tax consultant they normally charge a minimum of 100 euros each submission, (one or numerous assets) so you could submit say 5 or 6 assets and the charge would be the same as for one. I understand that the Hacienda might do this free of charge! 

One thing I think would be helpful, if because of language problems one needs to employ an agent, the charge could be used against tax, as one can use charges by an accountant in the UK.





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08 Feb 2017 01:05 by seppo Star rating. 1 posts Send private message

The requirement to fill Form 720 is considered illegal by European Comission .

Is it possible  that a country can impose thousands of euros fines for a person staying half year or more

 if he or she does not fill extremly complicated forms in their language?

Answer yes.

 Is this discrimination?  



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08 Feb 2017 07:05 by Tadd1966 Star rating in Los Montesinos. 1755 posts Send private message

Here we go again model 720 will be discussed at length again

A bit of an odd first post for a new member



Suggest you use the search function as this has been discussed many many times on EOS


“The greatest enemy of knowledge is not ignorance; it is the illusion of knowledge”

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