Test yourself Question 1 of 5 Question 1 of 5
A resident's foreign account peaked at 12,000 euros during the year, with an average balance of 7,000 euros. What must they do?
Nothing, it is under 15,000 euros Complete the schedule for IVAFE, although exempt from monitoring Complete the schedule for monitoring only Close the account before 31 December
Question 2 of 5 Question 2 of 5
Which figure is compared with the 15,000 euro monitoring threshold?
The balance on 31 December The average annual balance The highest combined value reached during the year The balance on 1 January
Question 3 of 5 Question 3 of 5
Which of these people must report a house in France in schedule RW?
An Italian citizen resident in Paris A French citizen resident in Milan An Italian tourist who rents it for a week Nobody, as long as the house is not let
Question 4 of 5 Question 4 of 5
Can an employee with a foreign account subject to IVAFE use the 730?
No, the Redditi return is always required Yes, by completing schedule W Yes, but only by accepting the pre-filled 730 unchanged Only if the account is in an EU country
Question 5 of 5 Question 5 of 5
Which exchange rate converts foreign-currency values in schedule RW?
The rate your bank applied The rate on the day the return is filed The monthly rates in the Revenue Agency's annual measure Any documented rate
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