Pursuant to the passing of Royal Decree 1558/2012, the authorities have introduced a new obligation regarding information to be provided by all tax residents in Spain. This obligation consists of notifying the authorities, once a year, regarding assets located outside the Spanish borders.
1.- Liable parties.
All tax residents, owners or beneficiaries of assets located abroad should file this declaration.
2.- The objects of the declaration are:
- Bank accounts (in cases where the total amount exceeds 50.000.- Euro).
- Securities, rights and insurance deposited abroad (in cases where the total amount exceeds 50.000.- Euro).
- Information regarding properties or other rights thereupon (in cases where the total exceeds 50.000.- Euro).
3.- Term for filing the declaration.
The declaration shall be filed each year between 1st January and 31st March. Exceptionally for the 2013 fiscal year, the term has been extended until 30th April 2013.
Vilá abogados
For more information, please contact:
1st of March 2013
