The Treasury is going to rescind the advance deadline for submitting form 347 and during 2018 the usual deadline will continue to be February, according to the Association of Accounting and Tax Experts of Spain. The advisors began a tough opposition to that project since it concentrated many of their tax obligations in January.
In the absence of its official publication and therefore with due caution, we can inform you that AECE has learned from sources in the State Secretariat of Finance that the draft order will be modified, leaving without effect the advance of the deadline for submitting the model. 347 with the aim that during 2018, its presentation continues within the usual period, from February 1 to 28.
The Association of Accounting and Tax Experts of Spain (AECE) presented observations within the public presentation period to the Draft Treasury Order that modifies Order EHA/3127/2009, of November 10, which approves Form 190 for the declaration of the annual summary of withholdings and payments on account of the Personal Income Tax on income from work and economic activities, prizes and certain capital gains and income imputations and the deadlines for submitting the models 171, 184, 345 and 347. And specifically regarding the fact that it advanced the presentation period of model 347 to the month of January, motivating its opposition to this measure.
Since the publication of the Draft Order, AECE began a national campaign in opposition to the aforementioned measure in the different media, press and social networks, which together with the protests of other groups have made it possible to reconsider this measure by of the Tax Administration.
MODEL 347
It is the annual informative declaration of operations with third parties. Entrepreneurs and professionals are required to submit Form 347 whenever they have carried out transactions with third parties for an amount greater than 3,005.06 euros during the calendar year, with deliveries and acquisitions of goods and services being computed separately.
In addition, companies, associations, professional associations or other entities that, among their functions, collect, on behalf of their partners, associates or members, professional fees or rights derived from the association, will also be required to declare form 347. intellectual property, author or others will be required to declare.
Fountain: INVEST
