Decision of the Council of State dated October 14, 2024

Yesterday, the Council of State issued a ruling regarding the obligation to report foreign bank accounts under the version of the law in effect prior to the 2018 legislation. The Council of State ruled that all such bank accounts used by the taxpayer, even if the taxpayer is not the account holder, must be reported pursuant to Article 1649 A of the General Tax Code: CE, 3rd and 8th Ch., Oct. 14, 2024, No. 489580, Cited in the tables