</>
ROS LEGAL-THE COURT OF JUSTICE OF THE EUROPEAN UNION DECLARES ILLEGAL MODEL 720.
After 10 years of battle, and in line with the criteria defended by the European Commission in its complaint against Spain, the European justice has finally declared that the informative obligation to declare goods and rights located abroad, form 720, is contrary to community law.
The CJEU, in a historic ruling dated January 27, 2022, in case C-788/19, has determined that Spain has failed to comply with its obligations under the principle of free movement of capitals for the following reasons:
In the following link you can access the full article of our partner.
