Information Alert: Judgment of the Court of Justice of the European Union (CJEU) in relation to Form 720

Judgment of the Court of Justice of the European Union (CJEU) in relation to the consequences for the taxpayer of the breach or infringement of the obligation to file form 720, for declarations of assets abroad.

Yesterday, Thursday, 27 January 2022, the Court of Justice of the European Union (CJEU) issued a judgment in relation to the appeal for breach filed by the European Commission against the provisions established by the Spanish legislator derived from the obligation to declare certain assets and rights located abroad through Form 720.

This is a very critical and forceful judgment against the aforementioned provisions, established in 2012, as it annuls the entire sanctioning provision derived from it and it also rejects the alleged no statute of limitations of the unjustified gains derived from not having filed this form 720.

Read the complete information alert in the attached file or through this link.