Tax form 720 -foreign assets disclosure for impatriates

If I enjoy the special tax treatment for foreign employees seconded to Spain (Beckam Law), shall I file tax form 720 (foreign assets disclosure)?

The Tax Law does not say specifically that tax payers enjoying the special tax regime for foreign employees seconded to Spain are exempt from filing the tax form 720 (foreign assets disclosure).

Read more about the obligation to disclose foreign assets

However, the Tax Office has released a note acknowledging that tax form 720 is not due for these tax payers. This opinion is based on the fact that the information to be provided only makes sense for tax payers taxed on their world-wide income, but not to others, as seconded employees enjoying the Beckam Law regime, who are only taxed on their Spanish source income.

Read more about the tax regime for foreign employees seconded to Spain