Spain - The New Spanish Reporting Obligation for Assets Located Abroad and Its Compatibility with EU Law
- H. López López
- European Taxation, 2014 (Volume 54), No 6
- 7 May 2014
In this article the author analyses the new reporting obligation contained in Law 7/2012 of 29 October regarding assets and rights located abroad. In particular, the compatibility of the reporting obligation with EU law is examined. The author concludes that the provision, as currently worded, is not proportionate and is, therefore, in conflict with the free movement of capital granted by EU law.