Although the new ruling states the Draconian fines are no longer legal, it still remains at least for now a Form that needs to be submitted by the 31st March.
The Modelo 720 is an informative Return only, no money is due on this, it is only required if a person as over €50,000 in any one of the 3 categories below.
Who needs to file the Return?
Anyone who has become a fiscal resident in 2021 before the 3rd July, thus making them liable for the return this year, or has had an change in previous returns over €20,000.
It is only required the once and only again if they have had a change in the previous returns.
What are the categories?
Inform about the accounts in financial institutions located abroad.
Inform about real estate and rights over real estate located abroad.
Report on securities, rights, insurance and income deposited, managed or obtained abroad.
The dates are from the 1st January until the 31st March.
If you require that i assist in this form filling for you then i do require a digital certificate
Please get in touch, to discuss if you need to file one, or not.
Prices start at €30+IVA