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Economic Activities Manual. Fiscal duties of employers and resident professionals in Spanish territory

8.2 Annual declaration of operations with third parties. Form 347

Businessmen and professionals who carry out economic activities are required to submit the model 347, when with respect to another person or entity they have carried out operations that together have exceeded the figure of €3,005.06 (VAT included) in the calendar year to which the declaration refers. Entities or establishments of a social nature and communities of property owners are also obliged to pay taxes for the acquisition of goods and services that they make outside of a business or professional activity when their value has exceeded €3,005.06 (excluding water supply, electricity, fuel and insurance).

They are not required to submit the model 347 :

  • Individuals and entities in the attribution of income in the PIT, for activities that pay taxes in the PIT in objective estimation and, simultaneously, in the VAT by the special simplified regimes or those of agriculture, livestock and fishing or the equivalence surcharge, except for operations for which they issue an invoice.

    However, taxpayers under the simplified regime of the VAT must be included in the model 347 the acquisition of goods and services that are subject to annotation in your book of invoices received.

  • Those who have not carried out operations that, in total, with respect to another person or entity, have exceeded the figure of €3,005.06 during the calendar year or €300.51 during the same period, when, in the latter case, they collect on behalf of third parties, professional fees or intellectual, industrial or author's rights or others on behalf of their partners, associates or members.

  • Those who have exclusively carried out operations not subject to the obligation to declare.

  • Those who must report on the operations included in the registry books of the VAT.

  • Those who carry out business or professional activities in Spain without having the headquarters of their economic activity, a permanent establishment or their tax domicile in Spanish territory or, in the case of entities under the income attribution regime established abroad, without having a presence in Spanish territory.

  • Those who are required to keep the registration books of VAT through the electronic headquarters of the AEAT through the Immediate Supply of Information (SII). Therefore, they will not submit Form 347 for the 2017 fiscal year and subsequent years.

The model 347 will be submitted on February in relation to operations carried out in the previous year.

The model 347 must be submitted online with an electronic certificate (mandatory for public and limited companies, large companies and those affiliated with the DCGC and Public Administrations), or also with Cl@ve for individuals.