Frequently asked questions about model 721 (HTML)
Skip information indexPresentation deadline for model 721
Form 721 must be submitted between January 1 and March 31 of the year following the year to which the information to be supplied refers.
The presentation of the declaration in subsequent years will only be mandatory when the joint balance as of December 31 of the virtual currencies abroad, valued in euros, has experienced an increase of more than 20,000 euros compared to that which determined the presentation of the last declaration. .
In any case, the presentation of the declaration will be mandatory with respect to virtual currencies in relation to which the condition of being obliged to declare has expired before December 31.
Yes, as indicated above, in any case the presentation of the declaration will be mandatory with respect to virtual currencies in relation to which the condition of being obliged to declare has expired before December 31.
There is no obligation to report on ownerships that are canceled before December 31, 2023, given that these are virtual currencies for which there has previously been no obligation to report.
No. As indicated above, only the cancellation of ownership of those virtual currencies for which there has previously been an obligation to inform will be declared.
On the other hand, the cancellation of the ownership of a virtual currency acquired in a previous year and declared in form 721, which is sold during a subsequent year, must be declared in form 721 of that year, because with respect to the There has been a prior obligation to declare.
No.
When the extinction of the condition of being obliged to declare referred to in the second paragraph of article 42 quater.1 had its origin in the transmission of virtual currencies located abroad and the amount obtained had been allocated entirely to the acquisition of other currencies virtual entities located abroad that are subject to declaration, only the balances as of December 31st referred to in the same section must be declared.
Yes, the deceased estate or the heirs and/or legatees of the deceased have the obligation to report on the extinction of ownership caused by death (see frequently asked question 1.3).