Form D6 is an annual declaration for information purposes of Spanish investments made abroad in companies listed on the stock exchange or on the organized market. They will be subject to communication through Form D6 if you are an individual and/or legal entity resident in Spanish territory and if, as of 31 December, you held any open position in any security deposited abroad that met the requirement of holding a percentage equal to or greater than 10% of the company’s capital, or of the voting rights of the company in which you have invested.

ON WHAT ASSUMPTIONS DO WE BASE OURSELVES TO KNOW WHAT TO DECLARE?

1. Declaration of deposits: According to this, you only have to declare for having securities that are listed in entities outside Spain. If, for example, you have Spanish shares, but these are in a foreign broker, you must declare them as well. This also includes ETFs as well as investment funds.
2. Declaration of cash flows: Cash flows must be declared for each investment or liquidation made in companies not resident in Spain if 10% of the share capital was reached or if that percentage had already been reached.

WHAT IS THE DEADLINE FOR SUBMITTING FORM D6?

Form D6 must be submitted between 1 and 31 January, that is, throughout the entire month of January. Submitting it in a timely manner guarantees that you will not be exposed to the various penalties and fines established by the sanctioning regime of Law 19/2003.

IF I SUBMIT FORM D6, DOES THIS EXEMPT ME FROM SUBMITTING FORM 720 AND ETE?

We should not confuse Form D6 with Form 720 or ETE or believe that submitting one exempts us from submitting the others. Although they are similar, actually, today they are independent. We strongly recommend putting yourself in the hands of specialists who can advise you on which forms you should or should not submit. These are the concepts that are declared in each of the models:

Form D6

• Subscription rights and other similar rights.
• Shares with and without voting rights.
• Investment fund shares.
• Long- and short-term public debt.
• Other long-term debt not convertible into shares.
• Other long-term debt convertible into shares.
• Other short-term debt.
• Other securities and rights.

Form ETE

• Shares and other forms of participation in capital.
• Negotiable securities deposited in non-resident entities and negotiable issues of the declarant abroad.
• Non-negotiable fixed-income securities.
• Temporary acquisitions / transfers and securities loans.
• Loans, credits, deposits and accounts.
• Land, terrain and real estate.
• Financial derivatives.
• Commercial credits and other operations.

Model 720

• Accounts in financial entities located abroad.
• Securities, rights, insurance and income deposited, managed or obtained abroad.
• Real estate and rights to real estate abroad.

US TAX CONSULTANTS OFFERS FREE AND PERSONALIZED CONSULTATIONS

Do not hesitate to use our free and non-binding consultation service so that our team of highly qualified experts can analyze your current situation and thus guarantee you the best advice and service. At US Tax Consultants we have been accompanying and guiding our clients for more than 60 years, providing them with excellent service.

For more information call us +34 915 194 392 or use the following links: Modelo 720