The annual declaration of operations with third parties, that is, model 347 contemplates all acquisitions or delivery of goods and services whose amount is greater than 3005.06 euros.
The taxpayer, either a natural person or a legal person, must provide the information to the AEAT, the so-called Tax Agency in Spain, both its suppliers or creditors and its customers. Of course, as long as the operations carried out exceed the amount of 3005.06 euros annually.
Among the taxpayers required to provide information to the Treasury, we can highlight the following:
- Individuals or legal entities that carry out an economic activity and that this is reflected in article 5 of the VAT law. Persons and entities reflected in article 94.1 of the Spanish General Tax Law. That they carry out acquisitions of goods or services outside of professional or economic activities, even when they do not carry out activities of this same nature. The entities that act as Public Administrations must include in the model 347 all the aid or subsidies that they grant out of the general budgets The State Administration and its autonomous bodies, autonomous communities and cities with Statute of Autonomy,must include in said annual declaration the different tax identification number assigned with respect to the business activity sectors or with respect to all of them Entities other than the State Administration, when they do not carry out economic or professional activities, may submit model 347 separately for each of their departments, ministries, etc. Associations, professional associations and similar entities that collect professional fees on behalf of their partners, associates or collegiate members, must include such charges in model 347.The associations, professional associations and similar entities that collect professional fees on behalf of their partners, associates or collegiate members, must include such charges in form 347.The associations, professional associations and similar entities that collect professional fees on behalf of their partners, associates or collegiate members, must include such charges in form 347.
However, there are also a series of entities that are exempt from filing said annual return. They are as follows:
- Entities that carry out economic or professional activities without having a permanent establishment in Spanish territory Individuals and entities subject to income attribution in personal income tax for activities that are taxed under the objective estimation activities regime, and in VAT, by the special regimes for agriculture, livestock and fishing. Obviously and as we have explained above, taxpayers who carry out acquisitions and deliveries of goods and services that do not exceed the amount of 3005.06 euros during the calendar year. that have carried out operations that should not be declared, in accordance with the provisions of article 33 of the General Regulations for the application and management of taxes and, finally, those obliged to report the operations in the record books,in accordance with article 36 of the same Regulation of the previous section.
On the other hand, when preparing the annual declaration of operations with third parties, there must be a minimum content in said declaration. Next, we explain what they are:
- As we have explained previously, all natural or legal persons that have carried out operations for an amount greater than 3005.06 euros must include said information in the declaration. This information must appear broken down by quarters and separately between the acquisitions and delivery of goods and services. It must also include the deliveries and acquisitions of goods or services that are exempt from VAT and those not exempt or not subject to the same tax. Insurers should include their insurance operations.
However, to the foregoing, there are operations that are excluded from said declaration. They are as follows:
- Operations of deliveries and acquisitions of goods or services that should not have issued an invoice and that did not have to record the recipient's data Operations carried out outside the business or professional activity of natural or legal persons Operations free of charge not subject to or exempt from VAT Leases of goods that are exempt from VAT, made by natural or legal persons outside the business or professional activity Acquisitions of stamped effects and postage signs Operations carried out by establishments of a social nature and that are exempt from VAT. Imports and exports of merchandise. Deliveries and acquisitions of shipments between the peninsula, the Canary Islands, the Balearic Islands, Ceuta and Melilla. Operations that must be provided periodically in other declarations.
To complete this declaration, it must be done by providing the following information:
- Name and surname, company name, NIF and tax address of the declarant Name and surname, company name and NIF of each of the persons or entities included in the declaration The total amount of the operations carried out with each person or entity. leases of business premises. The landlord will include the names and surnames, business name and NIF of the tenants, as well as cadastral references and data necessary for the location of the real estate. The insurance entities must record the amount of the premiums and compensation. Travel agencies will record the separately, the provision of services as mediators on behalf of and on behalf of others.
The form 347 can be presented in two ways:
- Through an electronic certificate with the digital signature of the individual or legal entity, or through a representative or tax advisor with a third party signature.
