As the law was further developed, we found that its regulation was not as easy as it appeared to be, as it would entail a series of formal obligations that would only increase and further hinder the administrative burdens of a company that, drowning in debt, decided to take advantage of this brand new special regime.
If we take just a minute to remember russia mobile number whatsapp the situation with the introduction of cash VAT, the first thing that comes to mind is the major change that model 303 underwent , which merged several models (303, 310, 311, 370 and 371) into a single model, in addition to introducing new boxes to reflect the operations subject to or affected by the cash criterion.
New model 390 for the 2014 financial year
But the merged form 303, as we have already mentioned, was only the beginning, since the modification of the form would logically entail the updating of its older brother, form 390 (annual summary of VAT). Obviously.
On September 1st of this year, the draft Order amending Form 390 to adapt it to the cash basis was published on the AEAT website , as it must reflect those transactions subject to the RECC that have been collected in the year, and on the other hand, everything issued on a cash basis (including taxable base and rate) regardless of whether it has been collected or not, as well as everything received in the year of declaration that is subject to the special cash regime, or that is affected by it. A copy, almost literal, of the operation of the merged Form 303, which has been in operation since 01/01/2014.
But perhaps the most interesting aspect of this project is not so much the modification made to the 390 form, but rather the philosophy of the obligation to present it, since it had already been announced that certain groups would be exempt from presenting the annual VAT summary .
The project specifies that these taxpayers will be those who exclusively carry out activities under the simplified regime and also those whose activity consists of leasing urban real estate.
To this end, the project proceeds to modify, once again, the model 303 in which, those who are exempt from filing the model 390, will complete a new summary section, only in the 4Q settlement, where they will report the annual operating volume of certain operations, excuse the redundancy.
As we were saying… the merged 303 model was just the beginning…
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