This Royal Decree groups the different assets to be declared into three different categories or blocks, with Order HAP 72/2013 approving a single model, 720, which groups the three types of telegram korean list assets, as well as the form, term and conditions of their presentation. Each category or block is treated separately , in terms of the values to be reported, as well as the economic limits that require the declaration to be made, and they are treated independently of each other.
The contents for each of the three blocks are:
In April of this year, 2013, the deadline for submitting the model corresponding to the 2012 fiscal year ended. In a couple of months we will have to gather all the necessary information to complete the declaration for the 2013 fiscal year , the deadline for submitting which runs from January 1 to March 31, 2014.
But are taxpayers who filed their tax return last April obliged to file it in 2014? And in subsequent years? What data must be included in new tax returns? What penalties or consequences are there for not filing a tax return?
These and other issues will be discussed below.
The law establishes that the declaration must be submitted again, in relation to a previous one, in the following cases :
When a block or section, which was never declared, exceeds €50,000, in the balances or values as of 31/12 or average balances as of the fourth quarter or acquisition values of the different types of assets, taking into account that it does not meet any of the exemptions provided for in the Law, for non-inclusion in the model.
When there is an increase in the assets to be declared of €20,000, compared to the last declaration that determined the presentation of the asset, for each and separately from the sections mentioned above.
In general, in cases of sale or loss of ownership or devaluation of the asset (shares, interests) declared in previous years, for each one and separately from the previous blocks or sections. In cases where it is necessary, account balances with negative values can be reported, affecting in these cases the limit of the amount to be declared.
Example regarding filing the declaration in successive years:
Let us suppose a taxpayer, a natural person, resident, with the following income abroad in the different years.