The year 2020 marked the entry of many new investors to the stock markets. The confinements increased the savings of families and, some of them, chose to invest part of those funds for the first time through some of the brokers with the lowest commissions in the market. However, in several of these cases, the other side of the coin is bureaucracy: it involves personally filling out forms that other brokers automatically provide to the Public Administration by hand. This is the case of the D-6 model, for Spanish investments abroad, which can be submitted until January 31.
The D-6 is the form by which the investor declares to the Government of Spain that as of December 31, 2020, he had certain investments in a broker that is not based in our country. Among the best known of these brokers are DeGiro, eToro, XTB, Revolut or Interactive Brokers. Although the presentation of the model does not entail any type of payment in the form of fees or taxes, it is mandatory to deliver it, and may be penalized with a fine of up to 600 euros if it is done after the deadline, and 25% of the undeclared amount if it is not presents, with a minimum of 3,000 euros.
In the D-6, the investor must collect the shares, ETFs and investment funds that he had in his portfolio at the end of the previous year, but not other products such as options, currencies or CFDs. The value of the investments, in this case, is irrelevant: you are obliged to present it so that the State knows that you have those possessions, since the aforementioned brokers do not notify the Public Administration by default. The same happens if your shares are Spanish but you trade them through the aforementioned cases.
It is necessary to attach the DNI and a copy of the extracts of the securities accounts as of December 31
Although the way to fill it is relatively simple, technology can be a first trip in the process. The AFORIX software must be installed, available . After installing it, access the program and select the D-6 model, where you must first mark whether it is a declaration of deposits or operations (flows). If the investor has both to declare, he must do so on two separate forms.
Subsequently, the personal data and the securities that we had in our portfolio at the end of 2020 are filled in. If we own more than 10% of the company’s capital, it will be necessary to report each security, its ISIN code (the 12 characters that identify each financial product). , the name of the product and who guards it, the type of product and the country where the broker has deposited the assets. You must also add the currency in which they are, the number of titles, their nominal value and the total value.
Once filled out, it can be printed and physically presented at any Public Administration Registry office, sent by ordinary mail to the General Secretariat for International Trade in Services and Investments or presented electronically by means of a digital certificate, which will come out of the AFORIX program. to access the website of the Ministry. In all cases, it is essential to attach a photocopy of the DNI of the holder of the investments and a copy of the extracts of the securities accounts as of December 31.
Apart from the D-6, some investors must present the 720 model if they have more than 50,000 euros deposited in those brokers not based in Spain, but the term in this case is until March 31.
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