EU investigates Spain over the foreign asset declaration form 720

Remember the foreign asset declaration form? The infamous “modelo 720” which obliges residents to declare all major assets outside of Spain, such as bank accounts or a house back in Blighty. You can be fined a vast amount for not declaring these assets. If you don’t file the tax form being obliged to do so, or file it incorrectly, you get fined €5000 per mistake, with a minimum fine of €10.000. And if you don’t Continue reading EU investigates Spain over the foreign asset declaration form 720