FORM 720

This form must be filled in by all Spanish Tax residents possessing assets abroad over 50.000 euros and must be submitted during the first quarter of each year. In this tax form you should declare: –            Accounts abroad in financial institutions, –            Stocks, bonds, values, financial rights, and savings in insurance companies, deposited, managed or obtained abroad –            All types of Real Estate and rights over Real Estate abroad. You…

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CASH PAYMENTS LIMIT

The law  Ley 11/2021, de 9 de julio, de medidas de prevención y lucha contra el fraude fiscal,  that was published the past 10th of July 2021, establishes the new limit to pay in cash from 2.500 euros to 1.000 euros. This limit of 1.000 euros applies since the 11th of July, which was the day the law was published officially in the BOE. And this means if any company or self employed…

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