Changes to the Spanish tax form 720 for declaration of assets and rights abroad    

On 27th January, 2022, the Court of Justice of the European Union ruled on the Spanish tax form 720, which obliges holders of accounts in financial institutions, securities, assets, property, virtual currencies or life assurance with a purchase value that exceeds 50,000 euros, and who are resident in Spain, to inform the Spanish Tax Agency about their property and other assets abroad. According to the CJEU, the terms of the form are contrary to EU law, so Spain will have …

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Fintech innovations and trends for 2022                                     

Just like all other business sectors, 2022 will bring new innovations and trends for fintech. The last two years have been shaped by huge social changes as we adapt to the circumstances caused by the pandemic, and some of these changes are here to stay. Of particular note are the growth of e-commerce and the rise of online payments; social distancing and the increased use of contactless payment methods in place of cash; and security, or rather cybersecurity, which is …

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