European Court ruled that Spanish form 720 is illegal
Analysis on the potential illegality of spanish form 720
The European Court of Justice has ruled that the famous Spanish form 720 is llegal for three main reasons: (i). The practical elimination of the Statute of Limitation is not accepted by European Law; (ii) The fines are not proportioned; (iii) The fine of 150% is not alligned with similar fines for breaching internal law.
Please, find a link to a video where we analyze the ruling and its consequences.
As we advanced in our post of September 2021, the ruling is in accordance with our thoughts.
Special thanks to Mr. Del Campo who has been working on this many years.