Communities need to declare payments

PROPERTY owners within community urbanisations could see their community face fines of up to €200,000 if declarations aren’t presented to the Spanish taxman by next Monday, March 2.

It is estimated that two out of 10 communities on the Costa del Sol do not employ an administrator, and so could be fined for not presenting Model 347 to Hacienda by Monday if they are unaware of the need to do so. Self-administering communities need to act fast to avoid a hefty fine, but communities which employ an administrator should escape sanctions as long as the form is handed in by Monday.

Communities which paid any third party supplier more than €3,005.06 during 2014 must fill in and present the declaration to Hacienda. The Presidents Club International (TPCI) in Marbella, which offers free advice and solutions to community presidents, has said all invoices for communal building works and refurbs, security, gardening, cleaning and maintenance, etc, have to be included, but not utility bills or insurance.

“Maybe people don’t know about it if they don’t have an administrator,” said a spokeswoman from TPCI.

Solicitor Jose Luis Navarro, who writes a regular community law column for EWN, explained that the declaration will allow Hacienda to compare figures to those declared by service providers and make sure they have declared the proper amount of IVA for all amounts charged.

FacebookTwitterRedditWhatsAppTelegramLinkedInEmailCopy Link
Go Back
Written by

Euro Weekly News Media

Share your story with us by emailing [email protected], by calling +34 951 38 61 61 or by messaging our Facebook page


    Leave a comment

    Your email address will not be published.