ARABA, BIZKAIA AND NAVARRA: Do you have assets and rights abroad?
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The deadline to submit the informative declaration of assets abroad ends on March 31.
Remember that by March 31, you must submit form 720, the informative declaration of assets and rights located abroad, for the year 2025.
When do you have to submit it?
If on 31-12-2025, you had assets and rights located or registered abroad, whose total or unit value (in the case of movable assets - bank accounts, or securities, such as shares, investment funds, etc. - and rights over them) was over 50, 000 euros.
Do you have to declare it every year?
No. If you already submitted the form last year or in previous years, you will only have to submit it again if the total value of any of your groups of assets (accounts, securities, or real estate) has increased by more than 20, 000 euros compared to what you reported in your last declaration, or if you have ceased to be the owner or authorized person of any of the declared assets.
And also remember---
On that date, the deadline also ends to submit form 721, the informative declaration on virtual currencies abroad, for the year 2025.
If you own assets and rights abroad, contact us. Our professionals will check if you need to submit these forms and will help you comply with this obligation.
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