What is model 347?
It is an annual informational declaration, which must be submitted by natural persons in self-employment, as well as legal persons, detailing transactions with customers and/or suppliers provided that they exceed the total of 3005.06 euros per year (including VAT).
Suppliers and customers must submit the 347 model so that the Administration crosses data and can validate the declared information.
Exceptions to the obligation to file?
Among others we can highlight:
- Those who do not carry out transactions as a whole, concerning a person or entity during the year, greater than EUR 3,005.06.
- When the main headquarters of the activity is not in Spain.
- Natural persons or entities under the income allocation scheme taxing on personal income tax by the objective estimation method and VAT simultaneously by the simplified, agriculture, livestock and fisheries scheme or equivalence surcharge. Except for transactions excluded from the application of those schemes or for transactions for which they issue invoices.
- Taxable persons who are required to report transactions on the books. These are those registered in the Monthly VAT Refund Scheme or the SII system.
- Intra-Community supplies or acquisitions of goods and services, which are reflected in model 349.
Deadline for your submission?
Deadline for submission: 1 February to 28 February 2022.
Form of the presentation?
Telematics by Electronic Headquarters of the Tax Agency.
