Modelo 347 – Annual Informative Declaration

Q: What is Modelo 347?

Modelo 347 is an annual informative declaration of transactions with third parties exceeding €3,005.06 in Spain. It is only for reporting purposes; no payment is required.

Q: Who must submit Modelo 347?

All self-employed individuals and companies in Spain who have transactions exceeding the reporting threshold with other businesses or professionals must submit Modelo 347.

Q: When is Modelo 347 due?

Modelo 347 must be submitted annually, typically in February, for the transactions of the previous calendar year.

Q: What types of transactions are included?

All commercial transactions with other businesses or professionals exceeding €3,005.06, including both sales and purchases. Intra-community operations are reported separately in Modelo 349.

Q: What happens if I submit Modelo 347 late?

Late submission may result in administrative fines from the Agencia Tributaria. Even though it is informative, accuracy and punctuality are important.

Complete guide for autónomos and small businesses

When must it be filed?

Modelo 347 must be filed between February 1 and February 28 of the following year (for example, from February 1 to 28, 2026 for the 2025 fiscal year).

How to determine what to declare in Modelo 347?

Calculate the total annual amount of purchase and sale transactions with each supplier or client, including VAT.
Exclude transactions with other EU countries (declared in Modelo 349).
Exclude transactions subject to Spanish withholding tax (IRPF) already declared in Modelo 111, 190, 115 or 180.
Exclude imports and exports of goods.
Exclude operations where issuing an invoice is not mandatory.
Exclude counterparties whose annual transaction amount does not exceed 3,005.06 € (VAT included).

Operations excluded from Modelo 347

Shipments between mainland Spain or the Balearic Islands and the Canary Islands, Ceuta and Melilla.
Operations where there is no obligation to issue an invoice (except insurance operations).
Operations carried out outside business or professional activity (personal expenses).
Imports and exports of goods, since this information is already available through customs authorities.
Transactions carried out free of charge that are not subject to or are exempt from VAT.
Operations already declared in periodic informative tax returns such as Modelo 111, 115, 180, 190 and 349.

Warning
Import and export of services with non-EU countries must be declared, as this information is not reported elsewhere.

Conclusion

If, after applying these steps, the total annual amount with a counterparty exceeds 3,005.06 € and does not fall under any exclusion, it must be included in Modelo 347.

Following this structured approach allows autónomos and small businesses to correctly identify reportable transactions and avoid filing errors.

How to submit Modelo 347

1️⃣ Review your sales

Let's review your sales. You have issued an invoice to a client in the Netherlands for €4,500 and an invoice to a client in the USA for €19,000.

Only the invoice for the USA client (€19,000) is included in Modelo 347, as the Netherlands client is registered in ROI and this transaction is reported in Modelo 349.

Client / Country	Amount (€)	Include in Modelo 347?
Netherlands	4,500	No – declared in Modelo 349
USA	19,000	Yes – include in Modelo 347

2️⃣ Review your purchases

Now let's review your purchases.

We paid a developer in Spain €11,737 including 21% VAT.

This transaction is not included in Modelo 347 because it is already reflected in Modelo 303.

We purchased furniture from a manufacturer in Italy not registered in ROI for €15,000.

This transaction must be included in Modelo 347.

Supplier / Country	Amount (€)	Include in Modelo 347?
Spanish developer	11,737	No – declared in Modelo 303
Italian furniture manufacturer ROI - NO (or Our Autonomo ROI-NO)	15,000	Yes – include in Modelo 347