What tax forms should I present during the first quarter?

The time has come to face our tax obligations, and to do so, you must know what tax models are presented during the first quarter. We should not panic in the face of the avalanche of models and deadlines. It is very important to be clear about when and what we must do to settle our taxes and thus comply with our fiscal duties.

The withholdings for the last quarter of 2014 are presented using the appropriate models during the first month of the year. The first ones will be delivered before January 20.

What is the Model 111

Through this model, the withholdings that the company applies to workers and self-employed are declared. These are payments on account that we will make quarterly. We will use it to enter withholdings derived from economic activities and work income. Companies are required to submit it to avoid tax fines. It must be delivered between the 1st and the 20th, but if we directly debit the payment, the maximum date will be January 15.

What is the Model 115

We will use this model to settle rental withholdings. This is a quarterly declaration that must be submitted by SMEs and individual companies that rent offices and premises, as long as these are urban properties. The company advances the owner’s tax obligations and is responsible for its retention. Like the previous model, it must be delivered between January 1 and 20.

What is Model 130

This is the form that we will complete to settle personal income tax self-withholdings. Self-employed workers who invoice more than 75% of their income without applying withholding on the invoices they issue must present this model between January 1 and 20.

What is Model 131

It is very similar to the previous one, but in this case, it is for self-employed people who pay taxes based on an objective estimate. It will be presented between January 1 and 20.

What is Model 303

This model must be presented by both self-employed workers and companies covered by the general VAT regime. Form 303 must be submitted whenever activity occurs during the quarter, even if you have only been registered for one day.

What is Model 349

Using this model, companies make an informative declaration of intra-community operations. It recapitulates all the operations that a company carries out in the European Union. Depending on the volume of intra-community operations, this model is presented monthly, quarterly, or annually.

What is Model 390

It consists of a tax declaration where we will summarize all the operations related to VAT carried out during a calendar year. Self-employed workers and companies must present it. It is necessary to present form 390 whenever there has been activity for VAT purposes during the year, even if the company has been deregistered in the current year. Form 390 is the annual summary of Form 303. It will be presented between January 1 and 30.

What is Model 180

This is the annual income summary on account or income from leasing urban assets. It must be presented by professionals and companies that pay rent for urban properties as long as they have withholding tax. Form 180 is the annual summary of the 115 forms submitted during the year. Delivery must be made between January 1 and 31 to avoid tax fines.

What is model 190

This is the annual summary of withholdings for workers and professionals. In Form 190, companies and self-employed declare the withholdings made to workers and professionals. It must be submitted by companies and self-employed workers who have had workers and received invoices from self-employed workers with withholding. Form 190 is the annual summary of Form 111. It will be presented between January 1 and 30.

What is model 210

This model must be submitted by non-residents in Spanish territory who receive income directly or indirectly through their real estate properties located in the Spanish state. It consists of imputed income and income derived from sales. If payment must be made, it will be made quarterly, while otherwise, it will be presented annually. Refunds can be requested using this model from February 1.

What is model 216

It is a tax declaration for the income of withholdings for non-residents. Companies or professionals that make withholdings for non-residents must present this model.

What is Model 347

Model for self-employed persons and companies in which we will declare all operations of more than €3,000 carried out with Spanish clients and suppliers. We will also include cash payments that exceed €6,000 annually in this model. Companies must submit it online during February, which is an annual. The self-employed can also present it in person at the Treasury branch.

What is Model 720

This is an informative declaration about rights and assets located abroad. It must be submitted electronically, and both self-employeds and SMEs are required to do so. This declaration includes current accounts, securities, insurance, temporary income and real estate outside the Spanish state as long as they exceed €50,000 in valuation. The maximum submission deadline is March 31.

Download our eBook Model 720, informative declaration of assets, rights and values ​​abroad.

What is Model 202

It consists of a fractional payment of Corporate Tax and is presented electronically on April 20, October 20, and December 1 to 20. The company advances part of the corporate tax payment.

If you need to know more you can consult our Tax Consulting.