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: 

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: 

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.

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!