Refunds for Spanish Tax Residents
Have you been fined for not complying with the Spanish 720 tax form? If so, you could be eligible to get a refund for the fines accrued.
This is because the Court of Justice of the European Union ruled against Spain on the 27th of January of 2022. The court has stated that the tax form 720 does not comply with UE Law.
To enquire about how you can get a refund and see how Worldwide Lawyers can be of any assistance please contact us on 01244 470 339 or email info@worldwidelawyer.com for a free no obligation quote.
What is the Spanish Tax Form 720?
Everyone who is resident in Spain, holding properties or interests located abroad of a value exceeding €50,000, must submit the form 720. Failure to comply with this obligation to pay correctly or on time gives rise to serious fines and penalties – anywhere between 100 and 10,000 euros.
What has the Court Ruled?
The European Commission opened a court case against Spain in relation to Spanish tax form 720, because the Spanish government-imposed fines of up to 150% for failing to file the Form 720. The court ruled that the fines for not complying with the 720 tax form is a “disproportionate penalty”. This ruling opens a possibility for taxpayers who have been sanctioned for not complying with their obligations regarding the tax form 720 can file claims for a refund.
At Worldwide Lawyers, we can put you into contact with one of our recommended English-speaking Spanish lawyers who will be able to help you with obtaining a refund for the disproportion fines on a not win no fee basics. Call us on 01244 470 339 or email info@worldwidelawyers.co.uk and our friendly team will be happy to discuss how we can help.
