Spain Tax Codes
Tax codes determine how much tax is paid on each transaction line item. For NetSuite to calculate correct values on transaction records and tax reports, make sure that the tax codes for Spain are set up correctly.
Spain Tax Code Changes
If you are using the NetSuite International Tax Reports SuiteApp, take note of the following:
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You must use the tax code properties provided by the SuiteApp. The VAT reporting feature for Spain uses Surcharge, Reduced Rate, Special Reduced Rate properties, as well as special tax categories. These are in addition to the properties that are common to all nexuses. Carefully review your current tax codes and edit them to match the settings in the Tax Code Table for Spain.
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The ESSP tax code used for purchases of services from EU must have a check on the boxes for Reverse Charge Code, EC Code, and Applies to Service Items.
For more information about tax codes, see Tax Code Properties and Creating Tax Codes.
Tax Code Table for Spain
The following table shows the tax properties required to correctly generate the tax reports provided by the International Tax Reports SuiteApp. The tax code names or letters presented in the table are suggested names or default system preferences. You can rename the tax codes. Tax reports identify transactions by looking at the tax code properties, not the tax code names.
On the New Tax Code or Edit Tax Code page, check the boxes of the properties that apply to the tax code. For more information about tax code properties, see Tax Code Properties.
To understand how NetSuite uses the tax codes to get the values for the Modelo 303 Quarterly VAT Return, see What goes into each box - Spain VAT report.
For information about notional rates in EU B2B transactions and VAT reports, see EU Notional VAT.
Please consult your tax agency for the correct tax rates.
|
Tax Code |
Description |
Property |
Rate |
Notional Rate |
Available On |
|---|---|---|---|---|---|
|
S-ES |
Standard rate |
|
21% |
|
Both (Sales and Purchases) |
|
R-ES |
Reduced rate |
Reduced Rate |
10% |
|
Both (Sales and Purchases) |
|
R2-ES |
Special reduced rate |
Special Reduced Rate |
4% |
|
Both (Sales and Purchases) |
|
SC1-ES |
Retail surcharge rate |
Special Reduced Rate Surcharge |
0.5% |
|
Both (Sales and Purchases) |
|
SC2-ES |
Retail surcharge rate |
Reduced Rate Surcharge |
1.4% |
|
Both (Sales and Purchases) |
|
SC3-ES |
Retail surcharge rate |
Surcharge |
5.2% |
|
Both (Sales and Purchases) |
|
Z-ES |
Zero rated sales |
|
0% |
|
Sales |
|
RC-ES |
Reverse charge in country |
Reverse Charge Code |
|
S-ES |
Both (Sales and Purchases) |
|
O-ES |
Sale of goods outside of EU |
Export |
|
|
Sales |
|
OS-ES |
Supply of services outside of EU |
Export Applies to Service Items |
|
|
Sales |
|
ES-ES |
EU sales/purchases (goods and related services) |
EC Code |
|
S-ES |
Both (Sales and Purchases) |
|
ER-ES |
EU sales/purchases (goods and related services) - reduced rate |
EC Code Reduced Rate |
|
R-ES |
Both (Sales and Purchases) |
|
EZ-ES |
EU sales/purchases - zero rate |
EC Code |
|
Z-ES |
Both (Sales and Purchases) |
|
ESSS-ES |
Sale of services to another EU country |
EC Code Applies to Service Items |
|
S-ES |
Sales |
|
ESSP-ES |
Purchase of services from another EU country |
EC Code Reverse Charge Code Applies to Service Items |
|
S-ES |
Purchases |
|
CA-ES |
Current assets |
Import Category: Current Assets |
21% |
|
Purchases |
|
CG-ES |
Capital goods |
Category: Capital Goods |
21% |
|
Purchases |
|
IG-ES |
Investment goods |
Import Category: Investment Goods |
21% |
|
Purchases |
|
EIG-ES |
EC investment goods |
EC Code Category: Investment Goods |
|
S-ES |
Purchases |
|
RI-ES |
Regularization investments |
Category: Regularization Investments |
21% |
|
Purchases |