Form 111 is the quarterly form where companies, self-employed and other tax obligated parties, declare and pay the withholdings they have applied during this period to workers, professionals or entrepreneurs.
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Who is obligated to file Form 111?
Companies, professionals or corporations that during the corresponding quarter or month (it will be monthly for Large Companies) have withheld part of the amounts corresponding to employee payrolls, professional invoices, or purchase invoices for certain activities.
We will apply withholding in the following cases:
1- Income from some economic activities:
- Professional activities, for example to an advisor.
- Agricultural and livestock activities.
- Forestry activities.
- Business activities under objective estimation (modular activities that are obligated to withhold 1%).
2- Work income: payrolls, settlements, etc.
3- Intellectual property, industrial, mines…
4- Prizes for participation in games, contests, raffles…
5- Capital gains from forestry exploitation in public forests.
6- Image assignments art. 92 LIS.
When is Form 111 filed?
The deadline for filing Form 111 is 20 days after the end of each natural quarter.
- First quarter: April 1-20.
- Second quarter: July 1-20.
- Third quarter: October 1-20.
- Fourth quarter: January 1-20 of the following year.
If the deadline falls on Saturday, Sunday or a holiday, the deadline is extended until the next business day.
How to complete Form 111?
With FacturaDirecta :)
This question should no longer worry you from now on. If you have correctly entered all the information about your activity in FacturaDirecta, the program takes care of filling out Form 111 for you.
It’s that easy: you download it and you can upload it to the AEAT website.
Last update: 06.06.2017
We hope this information is very useful to you.