Officially known in Spanish as: “Modelo 111. Retenciones e ingresos a cuenta”.

Download the official Form 111 for self-assessment of withholdings and payments on account. Earnings from work and economic activities, prizes and certain capital gains, and income imputations.

Form 111 needs to be submitted during the first twenty calendar days of the months of April, July, October and January, by the individuals and entities obliged to withhold or deposit on account, that satisfy or pay income, monetary or in kind, corresponding to any of the following classes: 

• Earnings from work. 
• Prizes for participation in games, contests, raffles, or a combination of these.
• Revenues from the following economic activities: professional activities, agricultural and livestock activities and forestry activities, and business activities in objective estimation.
• Income from intellectual and industrial property, from the provision of technical assistance, from the leasing of movable property, businesses or mines, from the sublease of former assets, and the grant of the right to exploit image rights.
• Capital gains as a consequence of forest exploitation in public forests. 
• Remuneration for transfer of image rights.

When is Form 111 submitted? 

As we have told you earlier, Form 111 should not always be presented. Here are the rules to know when you should submit it and do it well if: 

• During a quarter you have not received any invoice from self-employed suppliers that pay Personal Income Tax (IRPF), and in the event that you do not have workers, Form 111 will NOT have to be presented.
• If during a quarter you have received invoices from self-employed suppliers that pay Personal Income Tax or have workers under your charge, you must submit Form 111.
• You have workers under your charge for a quarter, but for whatever reason, you have not withheld anything from their payroll, you must submit the negative Form 111, that is, at 0.
• If during the quarter you have not received invoices from self-employed suppliers that pay Personal Income Tax but it turns out that when you registered with the Treasury (Hacienda) through filing out Form 037, you checked box 701, you must present it as negative, that is, at 0.

Box 701 marks the “Obligation to make withholdings or deposits on account on income from professional, agricultural, livestock, forestry or other economic activities, prizes, certain income allocations or certain capital gains (Form 111)”.

Submission deadlines

For the self-employed and most companies, the term to present this form is quarterly. It will be carried out within 20 days after the end of each calendar quarter and will include the data for that quarter.

• First trimester: from April 1 to 20, both inclusive.
• Second term: from July 1 to 20, both inclusive.
• Third quarter: from October 1 to 20, both inclusive.
• Fourth quarter: from January 1 to 20, both inclusive.

If the deadline day falls on a Saturday, Sunday or holiday, it will be extended until the next business day.

If you are a large company, you will have the obligation to file form 111 monthly.

If you want to know more information about the process of filling out and submitting Form 111 through the Tax Agency website, visit our post!