How to Fill Out and File Modelo 347

Modelo 347 — DECLARACIÓN ANUAL DE OPERACIONES CON TERCERAS PERSONAS

Agencia Tributaria (AEAT) provides a detailed set of official instructions  that explains what each field means and how to file the form online , but it often doesn’t give you the “full picture” of how to complete the return end-to-end.

In this guide, we’ll walk through how to fill out and file Modelo 347 using real-world invoice (factura) examples for both income and expenses.

What Modelo 347 is for

Modelo 347 is an annual informative tax return where you report transactions with clients and suppliers when the yearly total with a given counterparty exceeds €3,005.06 (VAT included). In practice, it’s a summary of your most significant business relationships. AEAT uses it to cross-check data reported by both sides and verify that your tax reporting is consistent.

Who must file Modelo 347?

There are multiple categories listed in the rules, but for self-employed taxpayers the first one is the relevant one:

Those who carry out a business or professional activity (actividades empresariales o profesionales) must report all individuals and legal entities they transacted with, when the total amount of transactions with each such person or entity during the calendar year exceeds €3,005.06.

Other categories include:

• Entities subject to the horizontal property regime (comunidades de propietarios)
• Private social welfare institutions
• Companies, associations, professional bodies
• Public bodies, unions, etc.

Exemptions

• Anyone who didn’t have transactions with any single counterparty exceeding €3,005.06 during the calendar year.
• Taxpayers who do not have their main place of business in Spain, a permanent establishment (establecimiento permanente), or a tax domicile (domicilio fiscal) in Spain; and, for entities under the atribución de rentas regime formed abroad, those without presence in Spain
• Taxpayers covered by SII (Suministro Inmediato de Información)

Transactions excluded from Modelo 347

• Transactions that are already reported periodically through specific returns: Modelo 111, Modelo 115, Modelo 180, Modelo 190, Modelo 349.
• Transactions for which there is no obligation to issue an invoice (factura), except for insurance transactions (operaciones de seguro).
• Imports and exports of goods (importaciones y exportaciones de mercancías), since Customs already has this information
• Transactions outside your business/professional activity (personal spending)
• Free-of-charge transactions (a título gratuito) that are non-taxable or VAT-exempt
• Shipments between mainland Spain / the Balearic Islands and the Canary Islands, Ceuta, and Melilla

Filing deadline

Modelo 347 is filed from February 1 through February 28, 2026

How to decide what to report in Modelo 347

To determine whether you need to report a counterparty in Modelo 347, use this checklist:

1. Calculate your total purchases and sales with each counterparty for the year, including VAT (IVA)
2. Exclude transactions with other EU countries (they are reported in Modelo 349)
3. Exclude transactions with Spanish companies that include withholding (retenciones IRPF) — these are reported in Modelo 111/190/115/180
4. Exclude imports and exports of goods
5. Exclude transactions where there is no obligation to issue an invoice
6. Exclude counterparties whose annual total is below €3,005.06

Following these steps is usually enough to reliably determine what you must include.

Example transactions

Let’s walk through an example for an autónomo with the following income and expenses, split by quarter.

Income (Ingresos):

• A Cyprus company, invoices totaling €21,000. (This could be any EU country.)
• A UAE company, invoices totaling €7,200. (This could be the UK, the US, Russia, or any other non-EU country.)
• A Kit Digital grant from red.es totaling €3,000
• An Emprende y Concilia grant from Ayuntamiento de Valencia totaling €4,000
• A design services invoice to the Spanish company BERSHKA BSK ESPAÑA SA totaling €9,000 (with €1,350 withheld)

Expenses (Gastos):

• Purchases from the Spanish entity Apple Retail Spain, S.L.U. totaling €4,300
• Social Security contributions totaling €3,200

Now apply the checklist (we already calculated totals):

• 2. Exclude transactions with other EU countries (reported in Modelo 349)

• 3. Exclude transactions with Spanish companies that include withholding (retenciones IRPF), reported in Modelo 111/190/115/180

• 4. Exclude imports and exports of goods

not in our list

• 5. Exclude transactions where there’s no obligation to issue an invoice

• 6. Exclude counterparties with totals below €3,005.06

This leaves the following list of transactions to include in the return:

Completing Modelo 347

Return filed!

💸 Support the author 

⭐ How to fill out the quarterly VAT return (Modelo 303)

⭐ How to fill out the intra-EU transactions return (Modelo 349)

⭐ How to issue an invoice correctly 

⭐ How to keep your accounting books as an autónomo 

Questions or suggestions? Join the channel: Españevo: 🇪🇸 Autonomo, Taxes