Modelo Reports for Spain

Overview

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

The Modelo reports for Spain include:

Modelo Electronic File Generation for Spain: Prepares electronic file for Modelo 340, 347, 349 or 415 declarations in a legally predefined format.
Modelo Verification Report for Spain: Lists all payable invoices and receivables transactions that are reported in the Modelo 340, 347, 349, or 415 declarations. The report prints data based on the selected legal entity, period range, source, and modelo name. For receivables cash receipts, only receipts with a value more than the entered minimum cash amount are reported.

Key Insights

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.

Run Modelo Electronic File Generation for Spain for one period at a time and verify your transactions or summary data.

You can't filter the foreign customers or suppliers in Modelo reports. It is controlled by the tax reporting type, which is a mandatory parameter. Hence, you must have a separate tax rate code for invoices of foreign customers or suppliers mapped to a different tax reporting type to prevent them from being reported in the Modelo reports.

Report Parameters

Let's understand the selected report parameters:

Parameter	Description
Modelo Name	Select the Modelo type. Available values for this parameter are: Modelo 340, 347, 349, or 415
Source	Select Payables or Receivables. Modelo reporting doesn't include manually entered tax transactions.
Minimum Transaction Value	Select the minimum transaction amount to be reported. This parameter is required for Modelo 347 and 415.
Receipt Method	Select the Receivables receipt method that's used to record customer payments in cash. Only receipts with the specified receipt method are selected and compared with the cash amount limit. The cash amount limit is specified using the Minimum Cash Receipt Amount parameter.
Minimum Cash Receipt Amount	Specify the minimum amount for payments in cash.
Selection Status	Select the status of the transactions to be reported. The available options are all, preliminary, and final
Driving Date	Select the transactions based on transaction date or accounting date.

Frequently Asked Questions

Here are some frequently asked questions about the Modelo Reports for Spain.

FAQ	Answer
How do I find this report?	You can schedule and run this report from the Scheduled Processes work area on the Navigator menu.
Who uses this report?	Tax Manager Tax Accountant
When do I use this report?	You can use these reports to do the following things: Review your payables and receivables transactions before reporting to the tax authorities. Report to the tax authorities in Spain in a predefined format.
What type of reports are these?	These are Oracle Analytics Publisher reports.