What is Form 347?
Form 347 is Spain's annual third-party transactions statement. It does not settle VAT. Instead, it reports certain annual transactions with the same counterparty once the legal threshold is exceeded.
Why Spain has this filing
Its purpose is information matching. The tax authority uses it to compare what one party reports against what the other party reports. That is why digital businesses should not dismiss it as a minor form.
Threshold and deadline
| Item | Rule |
|---|---|
| Threshold | EUR 3,005.06 per third party per year |
| Deadline | 1-28 February |
What Amazon sellers usually review
- Which Amazon entities exceed the annual threshold.
- Which transactions are excluded or should not be duplicated.
- How to reconcile totals by entity and by reporting period.
What happens if you do not file it
The main risk is creating informational discrepancies, tax notices and time-consuming explanations. In high-volume businesses, the problem is often not a total failure to file, but a poorly classified filing.
Frequently Asked Questions
Does Form 347 replace any VAT return?
No. It is an annual information return, not a VAT settlement return.
Does every payment to Amazon go into Form 347?
Not necessarily. You still need to review inclusion rules, exclusions and grouping by legal entity.
Can I ignore it if I already file Forms 303 and 390?
No. Form 347 serves a different purpose.
FBAtax helps organise transactions by legal entity and highlights which counterparties deserve review for Form 347 before the February deadline.