Order HAP/1695/2016, of 25 October (Official State Gazette of 27 October) passed form 289 for annual financial account informational declarations in the area of mutual assistance whereby financial institutions with Spanish Tax Agency obligations must send annually by sending digital messages between 1 January and 31 May of each year in relation to the financial information for the prior year.
Also modified was Order HAP/1136/2014, of 30 June (regulating certain issues related to information and due diligence obligations established in the agreement between the Kingdom of Spain and the United States of America to improve international tax compliance and the application of US tax laws for foreign accounts and approving the annual informational declaration of financial accounts for certain US nationals, form 290) in order to homogenize the deadline for submitting both informational declarations deriving from mutual assistance (current form 290 and the new form 289), establishing a period of 1 January to 31 May of each year in relation to the financial information for the prior year.