Modelo 347

Modelo 347 is an annual informational return of third-party operations. It reports to the tax office the customers and suppliers with whom, over the year, you did operations that exceed a threshold (by accumulated amount). It pays no tax: it's an information cross-check the AEAT uses to contrast what each party declared.

Aikount prepares it from your real accounting, grouping operations by contact.

What is declared#

• The annual total of operations with each customer and each supplier that exceeds the legal threshold across the whole year.
• It's reported by contact, with the accumulated amount, not invoice by invoice.

The threshold and the details are set by the current rules; confirm them with your accountant. Aikount identifies which contacts exceed it based on your ledger.

What is NOT included: exclusion of what's already declared#

This is the key point of the 347: you don't declare what you've already reported on another model. The 347 is a bucket for operations the tax office doesn't know about through other channels, so Aikount automatically excludes:

• Intra-EU operations, which already go on Modelo 349.
• Operations subject to withholding, already reported on Withholdings (111, 115, 190, 180).
• In general, anything that already travels on another informational return.

Duplicating on the 347 something already declared on another model creates mismatches in the AEAT's cross-check. Aikount avoids it by excluding, from the start, whatever is already reported through another channel.

How Aikount prepares it#

• Walks the year's sales and purchases by contact.
• Sums each one's accumulated amount and flags those over the threshold.
• Discards operations already on the 349, withholdings or other models.

Before you file#

1. Check the full year is recorded and reconciled.
2. Review the list of contacts over the threshold in the Taxes section.
3. File at the AEAT electronic office (you or your accountant).
4. Mark the model as filed.

Check the deadline in the Tax calendar. Aikount prepares the 347; the filing is human.