{"id":8978,"date":"2026-03-17T12:46:16","date_gmt":"2026-03-17T11:46:16","guid":{"rendered":"https:\/\/www.mercuryabogados.com\/en\/?p=8978"},"modified":"2026-03-17T12:50:40","modified_gmt":"2026-03-17T11:50:40","slug":"reminder-of-obligation-to-file-foreign-assets-reporting-by-form-720","status":"publish","type":"post","link":"https:\/\/www.mercuryabogados.com\/en\/reminder-of-obligation-to-file-foreign-assets-reporting-by-form-720\/","title":{"rendered":"Reminder of obligation to file Foreign Assets Reporting by Form 720"},"content":{"rendered":"
\n\t\t\t\t\t\t\t

\n\t\t\t\t\t\tDeclaration of assets held abroad\t\t\t\t\t\t<\/h2>\n\t\t\t\t\t\t\t\t\t\t\t
\n\t\t\t\t\t\t
<\/div>\n\t\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n<\/div><\/div>
\n
\n\t

About Declaration of assets held abroad<\/strong>, we would like to remind our clients and readers of the potential obligation to submit Form 720 to the Spanish Tax Authorities<\/strong> (Agencia Tributaria) if they hold assets or rights located abroad<\/strong>.<\/span><\/p>\n

Form 720 is an informative tax return<\/strong> and does not, in itself, trigger any tax payment<\/strong>. However, it is a mandatory reporting requirement designed to provide the authorities with details of certain categories of foreign assets<\/strong>. Failure to comply, or submitting incomplete or inaccurate information, may result in significant penalties.<\/span><\/p>\n<\/div>\n<\/div><\/div>

\n\t\t\t\n\t\t\n\t\t\t<\/span>\n\t\t\tLawyers specialising in financial and tax law in Marbella \t\t<\/span>\n\t\t\t<\/a>\n\t<\/div>\n<\/div><\/div><\/div>
\n
\n\t

Categories of overseas assets that must be declared<\/u><\/span><\/h2>\n

The reporting obligation applies to Spanish tax residents<\/strong> who hold, directly or indirectly, assets abroad falling within the following three categories: <\/span><\/p>\n

\n