The second quarter of 2017 has just closed and therefore the time has come to prepare and file the corresponding tax returns, whether you are a company or a self-employed worker.
The key dates for the deadlines for submission during the month of July of each model are:
- Until July 20 for the payment of withholdings (forms 111 and 115),for fractional payments of Personal Income Tax(models 130 and 131),for the VAT declaration(model 303)and for the recapitulative declaration of intra-community operations(model 349).
- Until July 25 for the payment
of Corporation Tax
2016 (form 200).
As relevant novelty to take into account for future periods, this month of July 2017 there were important changes in the management of VAT and registration books, with the mandatory use of the application
SII (Immediate Supply of Information)
imposed by the Tax Agency to large companies.
Tax Returns for Companies: Obligations during July 2017
Companies must take into account the deadlines already indicated for the presentation of the tax return of the models that are going to be exposed below:
Form 111 must be submitted by companies that have employees in their charge. Through this model, the withholdings made on the payrolls of the worker,or of the workers, throughout the quarter are paid.
Form 115 will be presented by companies that pay for the rent of the premises or premises where they carry out their activity,whether offices, commercial premises, industrial buildings or any other modality.
Form 303, or quarterly VAT self-assessment return,is mandatory for all companies whose activity is not exempt from VAT.
Among these exempt activities are teaching (academies and private lessons), health activities (medical consultations, health psychologists), social assistance services, insurance and lotteries, among others.
The Tax Agency with form 303 thus collects the VAT accrued throughout the quarter after deducting the VAT that, in turn, has passed on the company during its activity.
Form 200 is used to calculate the direct tax on profits obtained by companies and, in general, entities with legal personality such as associations and sports clubs, among others.
It is the so-called Corporation Tax,and can be considered the equivalent of personal income tax (IRPF), but for companies.
Corporate tax is filed annually and refers to the previous year. Therefore, before July 25, 2017, the Corporate Tax corresponding to the full year 2016 will have to be presented.
Form 349 is an informative and recapitulative statement,and, like the previous one, also refers to the complete activity of the 2016 financial year.
It is the so-called model of intra-community operations,which the Tax Agency determines to be mandatory for those companies that have carried out intra-community operations in other countries of the European Union.
An intra-community transaction is any provision of services, purchase or sale of goods, or any type of economic activity, that a Spanish company has carried out with another company located in another country of the European Union and under the protection of the tax laws of that other country.
The presentation of Form 349 is mandatory whenever intra-Community transactions have been carried out, regardless of the economic amount of those transactions.
Do not forget that the deadline for submission of form 349 expires on July 20.
One of the keys to the model 349 is that they must provide the tax data of all the companies with which intra-Community operations have been carried out throughout the year (year 2016), so it is advisable that its presentation is encome encomed to a
to avoid mistakes.
The Tax Declarations of Self-Employed: Obligations during July 2017
Self-employed workers must also submit forms 111 and 115 (withholdings on wages and withholdings from rent, respectively), provided that they have workers in their charge or premises on a rental basis intended for the exercise of their activity.
Form 303, of quarterly declaration of the self-assessment of VAT, is also mandatory for the self-employed.
However, as was the case with companies, the same exceptions relating to the type of activity already mentioned must be taken into account.
The tax return of form 303 is mandatory even if the self-employed person has not had any type of activity throughout the quarter,a circumstance that will be specified by checking the box “No activity”.
Form 349 must also be submitted by self-employed workers who have carried out intra-community operations, and for them what has already been said in the case of companies applies.
Model 130 (for self-employed workers in direct estimation regime) and model 131 (objective estimation) is a fractional declaration of Personal Income Tax that is presented when the self-employed worker does not apply any withholding in the invoices he issues to his clients, or does so on less than 70% of the total.