Modelo 720 (foreign assets declaration)

Modelo 720 is an informative declaration of assets held abroad by Spanish tax residents: bank accounts, securities and insurance, and real estate, whenever any of those blocks exceeds 50,000 euros. Nothing is paid with this form, but failing to file it, or filing it late, can trigger penalties.

It is filed between January 1 and March 31 of the following year, and you file again when new assets appear, when an already reported block grows significantly, or when you cease to hold something you previously reported (a closed account or a sale). After the 2022 ruling of the Court of Justice of the EU, Spain scrapped the disproportionate penalty regime that used to accompany this form, and the general penalties of Spanish tax law apply instead; crypto held abroad has its own informative declaration, modelo 721.

Rather have this calculated for you?

kontora generates your tax forms box by box, tells you how much to set aside and reminds you before every deadline.

Pricing · Calculators

Certificado de residencia fiscal (tax residency certificate)

Base de cotización (social security contribution base)

Full glossary