Those carried out outside the scope of business or professional activity;
Posted: Mon Jan 20, 2025 4:52 am
The declaration must be submitted during the month of February, where the economic activities carried out during the previous year are declared.
There is an opportunity to submit the form within the first four calendar days of the month following the submission deadline, but this is only possible if there are technical problems while registering the information in the Treasury system.
What operations are declared in Form 347?
Form 347 records a wide variety of transactions, as it includes all purchases and deliveries of goods and services to customers and suppliers. This is the case as long as the accounts involved have a value greater than 3,005.06 euros.
Real estate transactions, such as the purchase or rental of real estate, as well as subsidies, non-refundable aid and transactions with insurance companies, must also be declared. Any transaction involving the use of an invoice must be recorded on this form.
All this information must be broken down on a quarterly basis in order to facilitate subsequent analysis by the Tax Agency.
Excluded operations
It should be noted that there are also transactions that do not need to be recorded in your tax return. These are established in Article 32 of the RGAT. Here we briefly indicate the operations excluded from Form 347:
All operations for which there is no obligation to issue an invoice, except those related to insurance;
Any transaction carried out free of charge and which is not subject to or exempt from Value Added Tax;
Leases of VAT-exempt goods carried out by individuals or entities that do not have legal personality;
Imports and exports of goods and operations carried out directly from or for permanent establishments of the taxpayer located outside Spanish territory;
Shipments between mainland Spain or the Balearic and Canary Islands, Ceuta and Melilla;
Operations for which there is a regular obligation to provide information to the State Tax Administration.
It is extremely important that you know whether your economic activities involve any of these operations, so that you can fill out Form 347 without errors and without adding unnecessary information.
How to calculate the amounts to be declared?
Calculating the transaction amount is extremely simple, but you need to be careful with the details so that no transaction is missed during the registration process. In this regard, you need to follow these steps:
Group together all the transactions you have carried out with each client and supplier you have worked with during the fiscal year.
Organize the amounts related to each transaction. Remember that the amounts must include the VAT amount.
Add up the amounts for each client and supplier separately. If the result is greater than 3,005.06 euros, then you know you have to register it in Form 347.
Done! The process is as simple as adding up all the list of austria cell phone number transactions made by the client and the supplier. The important thing is to make sure you declare all the corresponding transactions, so that your records and those of third parties match once they are analyzed by the Tax Agency.
How to complete Form 347 for declarations of transactions with third parties
Once you have all the information organized by clients and suppliers, it is time to complete Form 347. To do this, you can use the Treasury system or a specialized program as long as it complies with the format required by law. The form you must complete is divided into three parts:
Data summary
The process starts on the first page, where you have to make a summary of all the transactions, as well as enter your identification data: company ID , reason and tax address, among others. Then, you have to fill in the following boxes:
Box No. 1 : This is where you enter the number of customers and suppliers with whom you have carried out transactions for an amount greater than 3,005.06 euros.
Box #2 : Enter the specific amount of the transactions recorded previously in this box. Remember that the amount must include VAT.
Box No. 3 : Here you must indicate the total number of business premises of your company.
Box No. 4 : Finally, the value of the rent paid in the previous premises is recorded, also including VAT.
If you are filing a supplementary or substitute declaration, you must check other specific boxes, although we will discuss this later.
There is an opportunity to submit the form within the first four calendar days of the month following the submission deadline, but this is only possible if there are technical problems while registering the information in the Treasury system.
What operations are declared in Form 347?
Form 347 records a wide variety of transactions, as it includes all purchases and deliveries of goods and services to customers and suppliers. This is the case as long as the accounts involved have a value greater than 3,005.06 euros.
Real estate transactions, such as the purchase or rental of real estate, as well as subsidies, non-refundable aid and transactions with insurance companies, must also be declared. Any transaction involving the use of an invoice must be recorded on this form.
All this information must be broken down on a quarterly basis in order to facilitate subsequent analysis by the Tax Agency.
Excluded operations
It should be noted that there are also transactions that do not need to be recorded in your tax return. These are established in Article 32 of the RGAT. Here we briefly indicate the operations excluded from Form 347:
All operations for which there is no obligation to issue an invoice, except those related to insurance;
Any transaction carried out free of charge and which is not subject to or exempt from Value Added Tax;
Leases of VAT-exempt goods carried out by individuals or entities that do not have legal personality;
Imports and exports of goods and operations carried out directly from or for permanent establishments of the taxpayer located outside Spanish territory;
Shipments between mainland Spain or the Balearic and Canary Islands, Ceuta and Melilla;
Operations for which there is a regular obligation to provide information to the State Tax Administration.
It is extremely important that you know whether your economic activities involve any of these operations, so that you can fill out Form 347 without errors and without adding unnecessary information.
How to calculate the amounts to be declared?
Calculating the transaction amount is extremely simple, but you need to be careful with the details so that no transaction is missed during the registration process. In this regard, you need to follow these steps:
Group together all the transactions you have carried out with each client and supplier you have worked with during the fiscal year.
Organize the amounts related to each transaction. Remember that the amounts must include the VAT amount.
Add up the amounts for each client and supplier separately. If the result is greater than 3,005.06 euros, then you know you have to register it in Form 347.
Done! The process is as simple as adding up all the list of austria cell phone number transactions made by the client and the supplier. The important thing is to make sure you declare all the corresponding transactions, so that your records and those of third parties match once they are analyzed by the Tax Agency.
How to complete Form 347 for declarations of transactions with third parties
Once you have all the information organized by clients and suppliers, it is time to complete Form 347. To do this, you can use the Treasury system or a specialized program as long as it complies with the format required by law. The form you must complete is divided into three parts:
Data summary
The process starts on the first page, where you have to make a summary of all the transactions, as well as enter your identification data: company ID , reason and tax address, among others. Then, you have to fill in the following boxes:
Box No. 1 : This is where you enter the number of customers and suppliers with whom you have carried out transactions for an amount greater than 3,005.06 euros.
Box #2 : Enter the specific amount of the transactions recorded previously in this box. Remember that the amount must include VAT.
Box No. 3 : Here you must indicate the total number of business premises of your company.
Box No. 4 : Finally, the value of the rent paid in the previous premises is recorded, also including VAT.
If you are filing a supplementary or substitute declaration, you must check other specific boxes, although we will discuss this later.