Annual VAT Summary Return
The annual VAT close-out. It consolidates data from all four quarterly Modelo 303 returns and gives AEAT a complete picture of all your VAT-liable operations: sales, purchases, pro-rata, intra-EU transactions and special regimes.
All VAT taxpayers who submit periodic VAT returns (Modelo 303) must file Modelo 390, with two exceptions:
- Simplified VAT regime — they file 390 but with simplified boxes.
- SII (Immediate Information Supply) — SII-obligated businesses are exempt from 390.
Freelancers on the standard VAT regime filing quarterly 303 returns are required to file 390.
Modelo 303 (quarterly)
- Filed 4 times per year
- May have amount to pay
- Covers a single quarter
Modelo 390 (annual)
- Filed once per year
- Informative only, no payment
- Consolidates the full year
The 390 also includes additional information not in the 303: pro-rata percentage, differentiated activities, differentiated sectors, etc.
Modelo 390 is divided into several pages with progressive information:
- Identification and activity — your NIF, CNAE code for your main activity and VAT regime applied.
- Output VAT — all transactions by type (21 %, 10 %, 4 %, intra-EU, exports).
- Deductible VAT — domestic purchases, intra-EU acquisitions, imports.
- Settlement result — summary of all four quarters.
- Additional information — equivalence surcharge transactions, exempt bases, reverse-charge transactions, pro-rata percentage.
1–30 January of the following year
For fiscal year 2025: 1–30 January 2026.
For fiscal year 2026: 1–30 January 2027.
The deadline partly overlaps with Q4 Modelo 303, which is also due 30 January. File both in the same session.
If you carry out both VAT-liable and VAT-exempt transactions (e.g., you are a consultant and also provide exempt training), you cannot deduct 100 % of input VAT. You must apply the pro-rata rule:
Pro-rata = (Transactions with deduction right / Total transactions) × 100
The provisional pro-rata is applied during the year. In Modelo 390 the definitive pro-rata for the year is calculated and declared, and the difference is settled.
AEAT cross-references Modelo 390 automatically against all four quarterly 303 returns. Output and input VAT totals must match exactly. Discrepancies will prompt AEAT to request explanations. Always file Q4 Modelo 303 before the 390, since the 390 includes Q4 data.
Autónomo Simple prepares the data for Modelo 390:
- In Taxes → File VAT you have the annual cumulative summary of output and input VAT by rate.
- The quarterly breakdown is available to verify that 390 data matches all four 303 returns.
- Export the annual report as CSV for documentation.