How Modelo Reports for Spain are Generated

The Modelo Reports for Spain are legally required turnover reports, delivered electronically in a predefined format to the tax authorities in Spain.

Companies operating under the Spanish VAT regime or Canary Islands IGIC regime must submit these Modelo declarations:

• Modelo 340

• Modelo 347

• Modelo 349

• Modelo 415

Modelo reporting is based on accounting date or transaction date, depending on the type of Modelo and source of data. You can report a transaction in multiple reports, which can be submitted annually, quarterly, or monthly.

Settings That Affect Report Generation

Before you generate the Modelo reports, you must:

• Complete and validate all the transactions.

• Enter appropriate data in the global descriptive flexfields.

• Select the transaction business category, document fiscal classification, and user-defined fiscal classification attributes for the transactions.

To report transactions correctly in the Modelo reports, use these transaction attributes:

Source Application	Field Name	Information used for	Header or Line Level Information	Used in Modelo
Payables or Receivables	Business Category	Tax setup, such as transaction business category	Line	347, 349, 415
Payables or Receivables	Document Fiscal Classification	Tax setup, transactions or document type	Header	340
Payables or Receivables	User-Defined Fiscal Classification	Tax setup, such as transactions or user-defined fiscal classification	Line	340
Receivables	Global Descriptive Flexfield	Global descriptive flexfield attribute	Header	340, 347, 349, 415
Human Capital Management	HR Location	Property address defined for each transaction related to property rental	Header	347
Human Capital Management	HR Location	Land registry reference number for transaction related to property rental	Header	340, 347
Payables or Receivables	Product Type	Goods or services for intra-EU operations	Line	349
Receivables	Intended Use	Triangulation	Line	349
Payables or Receivables	Tax Reporting Code	Tax reporting codes assigned by tax rule to intra-EU transactions based on source, product type and intended use	Line	349
Payables or Receivables	Tax Rule	Tax reporting codes, based on party bill to and ship-to address, source, product type and intended use	Line	349

How Reports Are Generated

To generate the Modelo reports, run these processes in the specified order:

1. Run the Turnover Reporting Selection Process in preliminary mode.

   Select the Reporting Group parameter as Modelo Reporting for Spain. The Turnover Reporting Selection Process selects all the transactions with accounting date or transaction date within the selected periods.

2. Run the Modelo Verification Report for Spain.

3. Run the Modelo Electronic File Generation for Spain to generate XML files for Modelo 340, 347, 349, and 415, for a specific period.

4. Run the Turnover Reporting Selection Process in final mode to mark transactions as reported.