Yesterday the deadline expired for Spanish and expats alike to make their online declaration of worldwide assets inc. pensions, property, shares, bank accounts etc. totalling 50kE or over The reasons for the Spanish govt. so doing are both clear and uncertain in terms of how the data will be used. The substantial fines for failing to do so and potential criminal prosection for any declaration over 120kE thereafter discovered are sobering. Certainly having to enter detailed private banking and finance data to an online tax system with a digital signature is a far cry from the AFIP days.
Just worth noting for anyone considering Spain as a possible alternative expat location - other European countries of course eyeing this up also. This Telegraph article gives a good summary. http://www.telegraph.co.uk/finance/personalfinance/expat-money/9907124/Spain-tells-British-expats-to-declare-overseas-assets.html
Feeling nostalgic for a little Argentinean "flexibility"....
Just worth noting for anyone considering Spain as a possible alternative expat location - other European countries of course eyeing this up also. This Telegraph article gives a good summary. http://www.telegraph.co.uk/finance/personalfinance/expat-money/9907124/Spain-tells-British-expats-to-declare-overseas-assets.html
Feeling nostalgic for a little Argentinean "flexibility"....
