The news of the annual statement of operations with third parties, brings us the following question: Should I include the rents in the 347 model?

If you want us to help you with the presentation of this model, please in contact with us.

Some novelties introduced in the model 347:

1. The information is displayed on a quarterly breakdown, except in the following cases, for which the annual amount shall be inserted:

  • Amounts received in cash, which will continue to provide on an annual basis
  • Operations welcomed the special regime for VAT cash basis and entities to which application is the 49 / 1960 Act of July 21 on the horizontal property

2. The entities that may apply the 49 / 1960 Act of 21 July on horizontal property, must report purchases in general of goods or services made outside the business or professional activities, even if they carry out activities of this nature.

3 2014 has modified the design of the 180 model (Annual summary of withholdings and income on account on yields from the lease or sublease of urban buildings), to include in it the information corresponding to the cadastral references and the data necessary for the location of leased urban buildings.

For this reason, they excluded both the landlord and the tenant to declare, in this model 347, leases of urban properties that are local business and subject to retention.

On the contrary, they must be declared the rents in the 347 model that are not subject to retention.


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Inés Gros

DiG Lawyers

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