Next March, 31st is the deadline to submit the Form 720

We are approaching March 31st and the information return must be submitted by residents in Spain. 31st is the deadline to submit the Form 720

Who has the obligation to submit esta tax form?

Taxpayers required to inform of their assets and rights held abroad, in accordance with this regulation are:

  • Individuals and legal entities resident in Spain.
  • Individuals or legal entities not resident in Spain, with a permanent establishment in Spanish territory If they belong reviews one of the following groups: owner, representative, agent, beneficiary, individually or entity With actual powers of disposal or beneficial owner.

What Must Be Declared? 

With regards to the information that has to be Disclosed to the Spanish Tax Authority, This obligation includes specific information on assets and rights situated abroad including:

  • Bank accounts located abroad.
  • Stocks, rights, income and insurance policies deposited, managed or Gained abroad.
  • Real estate and rights on real-estate located abroad.

This obligation implies that the taxpayer will have to declare bank accounts abroad, even if he / she does not own stocks or real estate abroad.

However, there will be no obligation to submit esta tax form for bank accounts located abroad if neither end the balance (on December, 31st), nor the average balance Reaches to the total of € 50,000. 

Frequency in the presentation of the tax return

Once Form 720 has been filed with regard to one or more of the disclosure obligations in it (referred to in question no. 1), this Form should only be filed again when, in relation to one or more of these obligations, there is an increase of the overall limit established for each information block above 20,000 euros compared with what the last declaration determined.

More Information here. Don't wait to the last minute and avoid penalties.

 You can contact us in case of doubts.

FERIA DE LONDRES “A PLACE IN THE SUN”

Del 6 al 8 de mayo la Asesoría Tax&Legal, International y Gestoria de Grupo Salvador, estará presente en la feria de Londres ” A place in the sun”. A partir de este viernes, estaremos retransmitiendo a todos los interesados las ultimas novedades de esta importante feria londinense a través de en nuestra pagina de Facebook ( https://www.facebook.com/gruposalvadoralmeria/ ). Síguenos y participe enviándonos tus comentarios. ¡Compártelo!

LANZAMIENTO DE UN NUEVO PROYECTO DEL GRUPO QIPERT

El pasado miércoles dia 25 de Marzo , Miguel A. y Alejandro Guerrero Salvador , asistieron a una reunión para el lanzamiento de un nuevo proyecto dentro de Grupo Qipert , del que son socios y denoninado Qipert Consulting.

Continue reading “LANZAMIENTO DE UN NUEVO PROYECTO DEL GRUPO QIPERT”

Invest in Almería

Almería, 11-julio-2013

Grupo Salvador desarrollará para la Diputación un portal web para el fomento de la inversión productiva en la provincia.

La Diputación ha contratado a Grupo Salvador para le preste servicios de consultoría para la creación de un portal web que estará orientado al fomento de la inversión en la provincia y promover Almería como potencial destino para inversiones.

Grupo Salvador aportará su experiencia internacional como consultores de desarrollo de negocio, a través de Salvador International, para el desarrollo de este proyecto, que servirá como plataforma y promoción de la provincia de Almería al exterior.

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Almeria, 11th of July 2013

Grupo Salvador will develop a website for Almeria´s County Council to promote productive investment in the province.

The County Council for Almeria has asked Grupo Salvador to assess them in the creation of a new website which will be orientated to promote Almeria as a potential destination for investments.

Grupo Salvador will contribute with their international experience as business development consultants, and their company Salvador International, to carry out this project which will serve as a platform and the promotion of the Almeria province to the outside world.