Form 347: Annual information return on transactions with third parties.
From the 1st of February to the 28th of February 2025, entrepreneurs and professionals who carry out an activity are obliged to file an information return with third parties when their transactions with customers or suppliers have exceeded €3,005.06 (including VAT).
They are not obliged to file the form:
Taxpayers registered in the REDEME or under the Immediate Supply of Information (SII) are excluded from this obligation.
The annual declaration of transactions with third parties must only include transactions carried out in the course of the business or professional activity and not those carried out outside the same or those for which there is no obligation to issue an invoice.
Neither deliveries and acquisitions of goods involving exports or imports, nor intra-Community transactions involving goods or services should be declared.
Neither should all transactions for which there is a periodic obligation to provide information to the Tax Agency (AEAT) and which, as a result, have been included in other declarations, such as, for example, all transactions with withholding tax, be declared.
There may be differences between the amounts declared by a customer and the supplier:
In case the invoice is received by the customer and recorded in a different quarterly period than the one in which the invoice was issued by the supplier differences will arise.
How is the information included in the declaration?
The information must be provided broken down on a quarterly basis.
The most common keys in this informative declaration are:
Key A corresponds to acquisitions of goods and services while key B refers to supplies of goods and services.
Deadline for filing form 347:
The filing of form 347: Annual declaration of operations with third parties corresponding to 2024, is carried out between the 1st of February and the 28th of February 2025.
