Self Employed Taxes – Spence Clarke

Modelo 347 in Spain. A key tax reporting tool for detecting siscrepancies and undeclared activity in 2025

17/02/202612/02/2026 by Alexander Navarro

In Spain, businesses and self-employed individuals must comply with a range of tax reporting obligations, among which Form 347 (in Spanish known as Modelo 347) stands out as a key instrument for fiscal control. Far from being a mere administrative formality, this annual informative declaration allows the Spanish Tax Office (Agencia Tributaria) to detect inconsistencies, cross-check transactions between companies, and combat undeclared economic activity. For 2025, the form includes a notable update, making an understanding of its requirements more essential than ever.

FROM 2026 NEW DECLARATIONS TO BE FILED TO THE TAX OFFICE BY FINANCIAL ENTITIES: M196 & M170

04/02/202628/01/2026 by Cristina Díaz Pérez

Starting in 2026, the Spanish Tax Office will enforce updated financial reporting obligations. These changes affect all self-employed individuals and businesses and will also impact banks and payment entities. The objective of the reform (Order HAC/747/2025 and Royal Decree 253/2025) is to provide more timely and detailed financial information, improving transparency, monitoring, and the ability … Read more

Verifactu: The Next Step in Spain’s Fiscal Digitalisation

23/10/2025 by Mauricio Villca Miranda

In Spain’s ever-evolving administrative landscape, few initiatives combine digital transformation and regulatory rigour as effectively as Verifactu. Scheduled to come into force in 2026, this system represents a decisive step towards transparency — and a fundamental shift in how businesses and the self-employed issue invoices and report to the tax authorities. Verifactu: What It Is … Read more

Understanding Modelo 347 in Spanish Taxation

18/02/2025 by Martina Navarro

In Spain, businesses and self-employed individuals must comply with various tax reporting obligations. One of these is Modelo 347, an annual informative declaration required by the Spanish Tax Agency (Agencia Tributaria). This form is used to report transactions with third parties that exceed a specific threshold, ensuring greater transparency and preventing tax fraud. What Is … Read more

M349 filing rules: are you submitting on time?

18/02/202504/02/2025 by Dario Rodicio Iznata

The informative M349 form includes a critical method for filing the declaration to the tax office for businesses involved in intra-community transactions. While it is generally filed monthly, there are specific rules and exceptions regarding its frequency. Below is a breakdown of the guidelines, along with practical examples to clarify the difference between monthly and … Read more

Guide to the Most Common Spanish Tax Declarations

23/11/202311/10/2023 by Alicia Jiménez Ruiz

A brief foreword It will come as no surprise that Spain’s famously bureaucratic system has a truly rich array of tax forms that have to be filed by businesses and individuals. In this article we list and explain in brief terms the 20 odd most common tax forms that can apply to small scale businesses, … Read more

Spain’s expatriate TAX regime (also known as the Beckham scheme, the Nomad Visa etc)

02/06/202503/02/2023 by Miguel Ángel Blanca Prieto

The tax regime introduced as part of the Nomad Visa has much wider application to those moving to Spain to live and work and does not just benefit online workers.

Spiders from Madrid

05/04/202313/12/2021 by Alistair Spence Clarke

The Spanish tax office is making extensive use of Big Data to track down tax avoiders, ad is having considerable success.