The annual VAT summary (Form 390)
What Form 390 is, how NaPa prepares it from the year, the activity you need to enter and how to file it in January.
Form 390 sums up the whole year's VAT: what you declared quarter by quarter on Form 303, by rate and kind of operation, and the volume of operations. It's informative: nothing is paid or refunded with it. It's filed from 1 to 30 January of the following year.
In Taxes it shows after the fourth quarter as the year's Form 390.
What NaPa fills in
- VAT accrued by rate (0, 4, 10 and 21 %), on intra-EU acquisitions (goods and services apart) and under the reverse charge.
- Deductible VAT: domestic operations, fixed assets and intra-EU acquisitions.
- The year's result and what your Form 303 returns came to: what you paid, what you offset from earlier years and what's left to offset.
- The volume of operations: sales in the general regime, intra-EU deliveries, exports and exempt operations.
- If you went over €3,005.06 with any customer or supplier in Spain, the mark for operations with third parties (Form 347).
The company's activity
Form 390 asks for the activity: a short description, the activity code (for example A03 for other business activities or A05 for professional activities) and the IAE heading. NaPa asks for it the first time and keeps it for the following years. Without it the file can't be downloaded.
Reviewing and filing it
Review it like a Form 303 with Mark as reviewed, download the file and upload it at the AEAT with the import option of the Form 390 online form. Closing the year's last period (and with it the fiscal year) needs Form 390 reviewed.
If you're in the SII, or your only activity is renting out urban property, you don't need to file it: ask your accounting firm.
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