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.


Who is obliged to submit this form?

The tax residents in Spain (individuals and legal entities).

  • Permanent Establishments of non-resident entities in Spain.
  • Other entities regulated in article 35.4 of the General Taxation Law

This declaration does not apply to individuals, legal entities, and permanent establishments that have sufficiently identified the required information in their annual account.