Freshness tracker · ESSpain

Modelo 721 — reporting of foreign-held crypto-assets required

In force Taxation

From the 2023 tax year (declared in 2024), Spanish tax residents must file Modelo 721 if they hold foreign crypto-asset balances exceeding €50,000 at year-end. The new form sits alongside Modelo 720 for foreign bank accounts and securities; failure carries minimum penalties.

Who it affects

Spanish tax residents holding crypto at non-Spanish custodians or self-custody addresses.

Sources

Primary: Agencia Tributaria ↗

Corroborating: Boletín Oficial del Estado ↗

Verified 2026-04-21 · methodology · report a correction