WOULD LIKE TO KNOW HOW MUCH VALUE ADDED TAX (IVA) AND PERSONAL INCOME TAX (IRPF) YOU WILL PAY FOR THE NEXT FISCAL QUARTER?
VAT to be paid, Form 303
This is what you have to use as a self-employed person to pay the VAT collected through the invoices issued to the Tax Office. It is presented quarterly and in the fourth quarter it must be accompanied by the annual summary: Form 390.
The Model can show that you have to pay, it can be negative or it can show no activity. If it is negative, it should be noted that during the periods of the first quarter, second quarter and third quarter it is necessary to mark the option “To compensate,” which is maintained for the following quarters.
If on the fourth quarter the Model 303 turns out to be negative, it will be time to choose to continue compensating for the next financial year, or ask the Treasury to return it to you.
It is filed between 1 and 20 April (Q1), July (Q2), October (Q3) and January (Q4 of the previous year).
The complementary model is the annual 390 form, which summarizes all the 303 models. You must submit this form between January 1 and 30 (for the previous year).
Personal Income tax to be paid (direct estimate) Form 130
The Personal Income Tax (PIT) is a tax that applies to the benefit of your professional activity. If less than 70% of the invoices issued carry personal income tax, it must be paid quarterly using form 130.
If the value of the calculation is negative, the result must be 0. In the event that the Model 130 is negative, the Personal Income Tax compensation must be applied to the income tax return.
Each Model 130 is filed between 1 and 20 April (Q1), July (Q2), October (Q3) and 1-30 January (Q4 of the previous year). There is no annual model of 130. The annual model, where the amounts of Form 130 are regularized, is the income tax return.