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Spain, US Seal FATCA Deal
by Ulrika Lomas, Tax-News.com, Brussels 17 May 2013 Spain's Finance Minister Cristóbal Montoro and US Ambassador to Spain Alan Solomont have recently signed an agreement between Spain and the US, designed to improve international fiscal compliance and...
No solo los ricos deben declarar los bienes en el exterior
Los asesores alertan de que muchos afectados ignoran la nueva obligación. Los inmigrantes que tengan viviendas en sus países de origen que superen los 50.000 euros deberán informar a Hacienda Un contribuyente adinerado y que posea un elevado patrimonio en el exterior...
Trueque de datos ‘made in USA’
El Consejo de Ministros español del pasado 12 de abril autorizó la firma de un acuerdo con Estados Unidos para la aplicación en nuestro país de la Foreign Account Tax Compliance Act (Ley de Cumplimiento Tributario de Cuentas Extranjeras), más conocida como FATCA. El...
Reporting assets outside Spain to the Spanish Tax Authorities. Modelo 720
Form 720 - Modelo 720 Form 720 of the AEAT: Report of all assets abroad. This form must be filed by all Spanish residents owning assets abroad, only if they are over the limits described below. It is required to file this form every year before March 31. This first...
Spanish Tax Form 720: An Entirely New and Complicated Requirement for All Spanish Residents
The power to tax is the power to destroy (John Marshall, American Founding Father, Justice of the U.S. Supreme Court) Are you a tax resident in Spain? That is, do you spend over 183 days per calendar year in Spain or is Spain the center of your vital interests (your...
Obligación de declarar al Banco de España
Cuentas abiertas en el exterior. Obligación de declarar al Banco de España La Circular nº 3/2006 del 28 de agosto de 2006 (BOE de 11 de agosto de 2006), establece la obligación de declarar a los residentes (personas o entidades) ante el Banco de España: 1. la...
DENUNCIA ANTE LA COMISIÓN EUROPEA CONTRA MODELO 720
DENUNCIA ANTE LA COMISIÓN EUROPEA CONTRA MODELO 720 (DECLARACIÓN INFORMATIVA BIENES Y DERECHOS EN EXTRANJERO) por incompatible con el Derecho Comunitario El despacho DMS Consulting (www.consultingdms.com) presentó el pasado 26 febrero una denuncia contra España ante...
Modelo 720: qué es y cómo rellenarlo
¿Qué es el modelo 720? El modelo 720 se aprobó el pasado 29 de Octubre de 2012 como modificación de la normativa tributaria y presupuestaria y de adecuación de la normativa financiera para la intensificación de las actuaciones en la prevención y lucha contra el fraude...
Las Islas Caimán quieren dejar de ser un paraíso fiscal
El territorio británico busca desprenderse de su estatus de terreno abonado para las actividades financieras clandestinas y está dando los primeros pasos para facilitar información sobre los miles de compañías y fondos de inversión libre domiciliados en las islas....
Treasury and IRS Issue Final Regulations to Combat Offshore Tax Evasion
Treasury Advances Efforts to Secure International Participation, Streamline Compliance, and Prepare for Implementation of the Foreign Account Tax Compliance Act WASHINGTON – The U.S. Department of the Treasury and the Internal Revenue Service (IRS) today issued...
New website for US Tax Consultants
US Tax Consultants - www.ustaxconsultants.es We provide professional U.S. tax preparation services to U.S. expats world-wide. Our clients are Americans resident abroad, primarily in Europe and the Middle East. We ourselves have been U.S. expats for many years and are...
U.S. tax code longer than Bible — without good news
Too intimidated to fill out your tax return without help? Join the club. At nearly 4 million words, the U.S. tax law is so thick and complicated that businesses and individuals spend more than 6 billion hours a year complying with filing requirements, according to a...
Assessing the effect of the American Taxpayer Relief Act of 2012 and Medicare taxes on high-income individuals for 2013
The American Taxpayer Relief Act of 2012 (ATRA), perhaps more colloquially known as the "Fiscal Cliff" legislation, made several changes to the income tax landscape for 2013 and beyond. ATRA, of course, is just one of the elements that will affect high-income...
Foreign Asset Reporting Update FBAR
Dec 28, 2012 The United States taxes its citizens and its resident aliens on their worldwide income. U.S. taxpayers are required to report their foreign income on their U.S. income tax return. They must also file and answer a series of questions on Schedule B to their...
BNP Paribas Launches FATCA Compliance Service
Dec 20, 2012 BNP Paribas Securities Services has launched a service to help asset managers meet the requirements set out by the US Foreign Accounts Tax Compliance Act.Under FATCA, non-US financial institutions will be required to report information about accounts held...
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