What's new in the campaign by form
Here are the models that have undergone changes for this tax returns campaign
Tax Form 198.Information Return.Annual declaration of transactions with financial assets and other securities
The form is amended to improve the quality of the information on the Securities Portfolio (as with form 189).
Two new fields are created:"INTERMEDIARY NIF" and "SURNAME AND FIRST NAME OR BUSINESS NAME OF INTERMEDIARY", to identify the intermediary, in cases where the related counterpart transaction was not carried out by the respondent themselves.
This avoids transactions remaining unrelated to the securities portfolio because the counterparty transaction was carried out by an intermediary other than the reporting party.
Various technical amendments are also made in several areas of the form.The fields subject to change are:
The "SHAREHOLDING PERCENTAGE" field, eliminating the reference to filling in zeroes when the different reporting parties of the same operation have the same shareholding percentage, so that the different percentages corresponding to each reporting party of the operation must be filled in, even if they are equal percentages.
The fields "MONETARY CLEARING DELIVERED/RECEIVED" AND "CLEARINGS" to exclude the operation key "L" (Split and Contrasplit of securities) as one of the keys allowing its completion.These operations cannot fill in these fields.
The field FINANCIAL YEAR RELATED TRANSACTION, to avoid transactions remaining unrelated because one of them is carried out in one financial year and the other in a later financial year.In this way, and as was previously the case, if the transaction to be related is pending completion, the field "Financial year related transaction" is completed with the code 0001.
However, in the year in which such a related transaction is finally entered into, it must report the year in which the transaction was actually entered into (in addition to reporting the order number under which the previously entered transaction was reported).
The field "TRANSACTION KEY", to specify that in the case of the "X" key (Delivery of released shares), in the acquisition/subscription transaction related to this delivery carried out in a different financial year, the field "Financial year related transaction" must be completed.
In this regard, you can consult the explanatory note on how to fill in the form published in May of this year at the following link:
Lastly, it should be noted that in the 2021 financial year, due to the Agreement signed between the Tax Agency and the General Council of Notaries on 3 February 2020, by virtue of which the Tax Agency will receive periodic telematic information contained in the single notarial index, an exemption is established in the filing of form 198 for Notaries insofar as this supply of information has an equivalent content and is sent under the terms and deadlines set out in the aforementioned collaboration agreement.