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V4126-15 22 December 2015 · SG de Tributos Criterion in force
IVA · declaración anual de operaciones con terceras personas

No declaration required for loan received to settle prior debt

A commercial company asks whether it must include in its annual declaration of transactions with third parties (Form 347) a loan received from a financial institution to settle a prior debt. The DGT responds that this transaction is excluded from the declaration obligation.

The question raised

Whether there is an obligation to declare the loan operation in the annual declaration of operations with third parties (Form 347).

The DGT's ruling

Financial operations, such as the granting of loans in money, do not require the issuance of an invoice according to invoicing regulations. As there is no obligation for the financial institution to issue an invoice, the loan must not be reported in the annual declaration of operations with third parties.

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