Campaign news by model
We detail the models that have undergone modifications for this campaign.
Form 720. Informative Declaration on assets and rights located abroad.
Royal Decree 249/2023, of April 4, modified article 42 ter of the General Regulation of actions and procedures for tax management and inspection and for the development of common standards for tax application procedures approved by Royal Decree 1065/2007, of July 27, to include information in form 720, of life insurance without surrender value when the insurance entity is located abroad.
This modification involves modifying article 2 of Order HAP/72/2013, of January 30, and the registration designs of model 720.
In record layouts, the following is modified:
- The field “ RATING 1: BALANCE OR VALUE AS OF DECEMBER 31; BALANCE OR VALUE ON THE DATE OF EXTINCTION; ACQUISITION VALUE ”, to specify that in the case of:
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Life or disability insurance, the surrender value will be reported or, when the policyholder cannot exercise the right of surrender on December 31, the value of the mathematical provision will be reported on that date. .
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Life or temporary annuities derived from life or disability insurance without surrender value , the mathematical provision as of December 31 will also be reported.
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