Hello 👋 ,

The tax Model 720 establishes the obligation to report assets abroad. The taxpayers, through this form, must inform the Tax Authorities about the ownership of their assets abroad as of December 31 of each year.

Among these assets are financial products, bank accounts, real estate, shares.

❗️This reporting requirement only applies to taxpayers who hold more than €50,000 in foreign accounts.

The question of whether cryptocurrencies are included in the model 720 is not yet resolved.

In the near future, it is possible that Model 720 reporting of cryptocurrency accounts for all taxpayers will become mandatory.

If you have any further questions, please feel free to contact us via the chat just at the bottom right of your screen! 💬

The Waltio team 💙