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V1774-17 7 July 2017 · SG de Tributos Criterion in force
OTRO · modelo 347

Public entities must not report cash prizes in Form 347 if already included in Form 190

A City Council has enquired whether acquisitions of goods for subsidies and cash prizes under 300 euros should be included in Form 347. The Directorate General for Taxes (DGT) clarifies that cash prizes must be reported in Form 190 regardless of the amount, and are therefore excluded from Form 347.

The question raised

Question raised For the purposes of filing Form 347:

The DGT's ruling

Public entities may use code D for the acquisition of goods or services outside of business activities, or code A if they are assigned to a business activity. Regarding cash prizes, as there is an obligation to declare them in Form 190 (even if no withholding is applied because they are less than 300 euros), these are excluded from Form 347 pursuant to Article 33.2.i of the RGAT.

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