Form 347 of 2014 that is due of submission for February of 2015. There are some novelties that we comment in the following paragraphs.
Form 180
Tenants will have to display on form 180 the number of catastro reference in order to free owners of the obligation to submit form 347.
But if the lease of the property is not subjected to retention, then the owner of the property will be obliged to submit form 347 as usual.
New people obliged to submit form 347
As novelty, communities of neighbors are obliged to submit from 347 for all their purchases and acquisition of goods and services, even though if they don’t accomplished any activity subjected to VAT. In this case information must be displayed not in terms but in annual report. Acquisition and consumption of electricity, water, fuel and insurance for the public areas of the community WON´T BE DECLARED.
Entrepreneurs in simplified system of VAT (módulos) are also obliged this year to submit form 347 for the purchase and acquisition of the goods and services related to their activity. As well as certain social entities VAT exempted.
Operations with reverse taxpayer
These operations will be declared separately from other ones done with the same client/supplier and that are not affected by this rule of the VAT reverse taxpayer.
“Normal” companies that RECEIVE operations subjected to the VAT cash regime
The information will be displayed only in annual terms and figures will be shown according with the VAT normal regime and the VAT cash regime. The rest of operations will be declared normally. The operations that a “normal” company will make a company subjected to VAT cash regime will be declared normally: just according with the VAT normal regime and showing the information in terms.
Companies subjected to VAT cash regimen
The information of ALL OPERATIONS (PURCHASES AND SALES) will be displayed in annual report. And it will be shown according with the VAT normal regime and the VAT cash regime.
We enclose examples published at the Official Bulletin of the Estate for a better comprehension.
Picture (Flickr – CC)