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The CJEU rules that the obligation to file Form 720 and the penalties for failure to do so are an abuse

27/01/2022

The Court of Justice of the European Union has ruled against the obligation of tax residents in Spain to file Form 720, accounting for their assets and rights abroad. The Court also considers that the penalty for not filing such model is abusive, since it is not proportionate to the penalties for similar non-compliance at the national level.