form 720

On October 19th 2017, the Tax Office published the CV 2669-17, which deals the obligation to submit a new informative declaration of assets and rights located abroad  with respect to a previously informed property when the variation in the exchange rate used to determine its acquisition value has led to an increase in the value of the asset of more than EUR 20.000.

What is the Form 720?

What is the Form 720?

It is a new informative declaration regarding assets and rights of financial nature located or managed abroad. It was introduced by the 7/2012 law of 29th of October.

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In 2017, HMRC have designed a new plan relative to fiscal policies with the aim to introduce several new tax rules and rates that could have an impact on UK companies and self-employed persons from 2017 onwards.

 

Parliament"s special committee on tax rulings discusses tax measures with representatives from multinationals and various tax authorities on Monday 14 March and Tuesday 15 March. Participants include Andorra, Liechtenstein, Monaco and the Channel Islands as well as Apple, Google, IKEA and McDonald's. MEPs have the opportunity to question them, especially regarding the latest developments in the area of corporate taxation.

It is a new informative declaration regarding assets and rights of financial nature located or managed abroad. It was introduced by the 7/2012 law of 29th of October.