What is it for?
Modelo 390 is the annual summary of the four 303 forms that we have made during the year. It is a purely informative document and yet it is compulsory.
Who has to submit this form?
If at any time during the year (even if it is only one quarter), you have declared VAT, you must submit this annual form.
When must it be submitted?
This form is submitted once a year in February of the following year.
When do I have to pay and when don't I?
It is only an informative form that is neither payable nor refundable, but it provides the tax authorities with more details about your activity (e.g. the heading of your activity or the total volume of your operations during the year, with and without VAT).