ManagoraMANAGORA
ESEN

Modelo 721: information return for cryptocurrency held on foreign exchanges

Modelo 721: information return for cryptocurrency held on foreign exchanges is filed with Agencia Tributaria — modelo 721. With Managora you do it 100% online: you answer a few questions, sign a digital mandato (power of representation) and we draft, sign and file your application for you. Estimated total cost: €99 to €99.

We file your modelo 721 (the annual information return on cryptocurrency located abroad) with the AEAT (Spanish Tax Agency). It is compulsory if your combined balance at 31 December exceeds 50.000 € in any virtual currency held on exchanges outside Spain (Binance international, Kraken, Coinbase US, and so on). Deadline: 1 January to 31 March of the following year. General penalty regime (arts. 198-199 LGT): filing voluntarily after the deadline, with no prior demand, halves the penalty.

Start this procedure →See all procedures
Estimated total cost
€99 to €99
Managora's fee
€119.79 (21% VAT incl.)
Tasa (official government fee)
No tasa payable
Processing time
1 January to 31 March of the year following the tax year.
Where it is filed
Agencia Tributaria — modelo 721 ↗
What you receive
Application

Cost breakdown: Our fee 99 €. This is an information return on cryptocurrency: it involves no tax payment and no filing fee..

Modelo 721: information return for cryptocurrency held on foreign exchanges: how is it filed?

  1. 1Answer the chat questions (~12 minutes).
  2. 2We check whether you exceed the 50.000 € that trigger the obligation.
  3. 3Payment of 99 €.
  4. 4Sign the mandate from your phone.
  5. 5We file the modelo 721 electronically with the AEAT.
  6. 6You receive the stamped copy with the CSV.

Which documents do you need?

  • •Statements from the foreign exchanges as at 31 December of the tax year.
  • •List of currencies, quantities and their valuation in euros.
  • •Transaction history for Q4 so that the average balance can be calculated.

Legal basis and things to bear in mind

  • A new obligation since the 2023 tax year (Ley 11/2021 anti-fraud act + RD 249/2023).
  • Trigger threshold: 50.000 € of combined balance at 31 December across ALL foreign exchanges (it does not apply to self-custody wallets).
  • Once filed, in later years the obligation only arises again if the balance increases by more than 20.000 €.
  • General LGT penalty regime (arts. 198-199) following Ley 5/2022: the aggravated regime of the modelo 720 was struck down by the CJEU judgment in C-788/19. Failure to file on time: 20 € per item of data (minimum 300, maximum 20.000); halved if you file voluntarily with no prior demand (minimum 150).
  • The 721 does NOT replace the 720 (which is still compulsory for non-crypto assets and accounts abroad above 50.000 €).
  • It is an information return: no tax is paid with it.

Modelo 721: information return for cryptocurrency held on foreign exchanges: frequently asked questions

Modelo 721: information return for cryptocurrency held on foreign exchanges: how much does it cost?

The estimated total cost (our fee + official tasas and taxes) is €99 to €99: Our fee 99 €. This is an information return on cryptocurrency: it involves no tax payment and no filing fee.. Managora's fee is €119.79, 21% VAT included (€99.00 net + €20.79 VAT). This procedure carries no official tasa.

Modelo 721: information return for cryptocurrency held on foreign exchanges: how long does it take?

1 January to 31 March of the year following the tax year.

Modelo 721: information return for cryptocurrency held on foreign exchanges: which documents do I need?

You need to have to hand: Statements from the foreign exchanges as at 31 December of the tax year., List of currencies, quantities and their valuation in euros., Transaction history for Q4 so that the average balance can be calculated.. You do not upload them here: we collect the details through the guided chat.

Who files the procedure?

Managora files it in your name with Agencia Tributaria — modelo 721. You only provide the details through the chat and sign a mandato (power of representation); we prepare, sign and register it.

Can it be done online?

Yes. The whole process is online: you answer a few questions in the guided chat, sign a simple mandato on screen and receive the receipt and the official documents by email, with full legal validity.

Related procedures

Based on the legislation in force and on the official site of the competent authority: Agencia Tributaria — modelo 721 ↗.

Shall we get started with «Modelo 721: information return for cryptocurrency held on foreign exchanges»?

We file it for you, from start to finish.

Start now →