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V0890-22 26 April 2022 · SG de Impuestos sobre el Consumo Criterion in force
IVA · recargo de equivalencia

Invoices received in January must be recorded and declared in Model 347 for that year

A laboratory asks whether a pharmacy under equivalent surcharge can record and settle a December invoice error in January and when it must include it in Model 347. The DGT replies that both registration note and inclusion in Model 347 depend on the invoice receipt date.

The question raised

Whether the pharmacy that is the client of the consultant may record the invoice in January 2022, together with the credit note. In such case, when must the pharmacy include the invoice in its Form 347 declaration?

The DGT's ruling

The entry in the register of received invoices must be made in the order in which the invoices are received. For the annual declaration of transactions with third parties (Form 347), transactions are understood to have occurred in the period in which the registry entry must be made pursuant to the VAT Regulations. Therefore, an invoice received in January must be recorded in January and reported in the Form 347 corresponding to that fiscal year.

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