In case anyone is not familiar with this model, model 347 is an annual informative declaration of operations with third parties, which businessmen and professionals are required to submit russia mobile number whatsapp whenever they have carried out operations with third parties for an amount greater than 3,005.06 euros during the calendar year, separately computing the deliveries and acquisitions of goods and services.
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New features introduced in model 347 in the subjective area (articles 31 and 32 RD 1065/2007)
The filing of Form 347 is mandatory for communities of property under a horizontal property regime, as well as certain entities or establishments of a social nature (art. 20.Tres LIVA), for the general acquisition of goods or services that they make outside of their business or professional activities, even if they do not carry out activities of this nature. For these purposes, the operations specifically excluded from the duty of declaration for these entities contained in sections 5 and 6 of article 33 of the General Regulation of the actions and procedures of tax management and inspection and of the development of the common rules of the procedures for the application of taxes must be taken into account.
Entities under a horizontal property regime must provide information on an annual basis.
Taxpayers subject to the simplified regime of Value Added Tax will include in the annual declaration of operations with third parties not only the operations for which they issue invoices but also those for which they receive invoices and which are recorded in the Register of Invoices Received.
The obligation to provide information in this declaration is extended to the various Public Administrations , which must list all those persons or entities to whom they have paid subsidies, aid or assistance, regardless of their amount .
New features in the content of form 347 (articles 33, 34 and 35 RD 1065/2007)
Taxpayers who carry out transactions to which the special cash basis regime (RECC) is applicable , as well as taxable persons who are recipients of transactions included therein, must include in their annual declaration separately the amounts accrued during the calendar year , in accordance with the general accrual rule (article 75 LIVA) and in accordance with the criteria of the special regime (article 163 LIVA). In addition, both taxable persons under the RECC and taxable persons who are recipients of transactions included in the special cash basis regime must provide information relating to them on an annual basis.
Entities to which Law 49/1960, of July 21, on horizontal property applies , will also provide all the information that they are required to relate in their annual declaration, on an annual calculation basis.
Another change in relation to the content is that non-refundable subsidies, grants or aid received are also considered transactions to be declared.
Operations carried out between the same parties, operations with reversal of the taxable person (article 84.One.2 of the LIVA), as well as operations that have been exempt from Value Added Tax because they refer to goods linked or intended to be linked to the non-customs warehouse regime (section five of the LIVA Annex) must also be recorded separately from other operations.
New features and modifications in the 180 model
The annual summary of withholdings and payments on account of income from the leasing or subleasing of urban properties (form 180) is also undergoing modifications with effect for the declaration corresponding to the 2014 fiscal year, which will be submitted in January 2015.