Re: Re: Spanish taxman taking unpaid taxes direct from accounts

Profile photo of Anonymous

@angie wrote:

As I understand it, residents of Spain who have total assets abroad of 50,000 euros or more as at 31st December 2012 have to declare such assets to Spanish Tax Authorities by March 2013 or risk fines even going to prison, and their bank accounts in Spain frozen.

Not total assets. Just each asset worth €50k or more. So you don’t need to declare several bank accounts of €49,999 or less.