Modelo Reporting For Spain - Oracle ERP Cloud

 

Modelo Reporting for Spain ERP  CLOUD 

Fusion Financials for EMEA

Table of Contents 1.

Purpose of the document docume nt .................................. ................ ................................... ................................... ................................... .................................. ................................... ............................. ........... 3

2.

Assumptions Assumpt ions and Prerequisite Prer equisitess................................... ................. ................................... .................................. ................................... ................................... ................................... .................... ..5

3.

Feature Featu re Specific Specifi c Setup....................... Setup..... ................................... .................................. ................................... ................................... .................................. ................................... ............................. ........... 6 Defining Tax Jurisdictions ......................................................................................................................................... 6 Defining Defini ng Taxes ................................... .................. ................................... ................................... ................................... ................................... ................................... ................................... ............................... .............. 6 Defining Tax Rates .................................................................................................................................................... 7 Defining Recovery Tax Rates .................................................................................................................................. 12 Defining Transaction Business Categories ............................................................................................................. 12 Defining Document Fiscal Classification Codes ...................................................................................................... 15 Defining Party Fiscal Classifications ....................................................................................................................... 16 Assigning Party Fiscal Classifications to Customers ......................... .................................. .................. .................. .................. ................... ................... .................. ........... .. 17 User-Defined Fiscal Classification Codes ................................................................................................................ 17 Tax Reporting Types and Codes ............................................................................................................................. 19 Intended Use Fiscal Classification Codes ............................................................................................................... 21 Global Descriptive Flexfields (GDFs) ...................................................................................................................... 22 Product Type .......................................................................................................................................................... 23 Tax Status Rules ..................................................................................................................................................... 23 Place of Supply Rules ............................................................................................................................................. 28 Tax Registration Rules ............................................................................................................................................ 31 Locations ................................................................................................................................................................ 34 Suppliers ................................................................................................................................................................. 35

4.

Transaction Transac tion Matrix ................................. ................ ................................... ................................... ................................... ................................... .................................. ................................... ..................... ...35

5.

Transactions Transac tions .................................. ................. ................................... ................................... ................................... ................................... ................................... ................................... ............................. ............ 36 1

 

Payables ................................................................................................................................................................. 36 Receivables Rece ivables ................................. ................ ................................... .................................... ................................... .................................. ................................... ................................... ................................... .................. 37 6.

Modelo Reporting Report ing ................. .................................. ................................... ................................... ................................... ................................... .................................. ................................... ..................... ...38 Turnover Reporting Selection Process .................. ........................... ................... ................... .................. .................. .................. .................. .................. ................... ................... .............. .....38 Turnover Report Parameters ............................................................................................................................. 39 Modelo 340 ................ ................................. ................................... .................................... ................................... .................................. ................................... ................................... ................................... .................. 39 Modelo 340 Report Parameters ........................................................................................................................ 40 Payables Attributes ............................................................................................................................................ 41 Receivables Attributes ....................................................................................................................................... 41 Modelo 347 ................ ................................. ................................... .................................... ................................... .................................. ................................... ................................... ................................... .................. 42 Modelo 347 Report Parameters ........................................................................................................................ 42 Payables Attributes ............................................................................................................................................ 44 Receivables Attributes ....................................................................................................................................... 44 Modelo 349 ................ ................................. ................................... .................................... ................................... .................................. ................................... ................................... ................................... .................. 45 Modelo 349 Report Parameters ........................................................................................................................ 45 Payables Attributes ............................................................................................................................................ 46 Receivables Attributes ....................................................................................................................................... 46 Modelo 415 ................ ................................. ................................... .................................... ................................... .................................. ................................... ................................... ................................... .................. 47 Modelo 415 Report Parameters ........................................................................................................................ 47 Payables Attributes ............................................................................................................................................ 48 Receivables Attributes ....................................................................................................................................... 48

7.

Appendix ................................. ................ ................................... .................................... ................................... .................................. ................................... ................................... ................................... .................. 49

2

 

1.  Purpose of the document This document explains the implementation and usage guidelines for the following Modelo reports:

  Business purpose, configuration, and transaction attributes for Modelo reporting for Spain concerning:



    o  o  o

o

340  Modelo 340  Modelo 347  347  Modelo 349  349  415  Modelo 415 

  Reporting

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The Turnover Reporting Selection Process Selection process extracts transactions from Oracle Orac le Fusion Payables and Oracle Fusion Receivables to be reported re ported by Modelo for the options of invoice and payment detail for the transactions. The Modelo Verification Report for Spain lists all payable invoices and receivables transaction reported repor ted in the Modelo 340, 347, 349, or 415 declarations. Modelo reporting is run b between etween a period of time specified by entry into the period parameters (From and To). The Modelo Electronic File Generation for Spain S pain Prepares the electronic file for Modelo 340, 347, 349 or 415 declarations. The four Modelo Types (340, 347, 349, and 415) are based on transactions entered in Payables and Receivables and selected to a Turnover Reporting Selection Process Data Extract. Transactions entered directly into the Tax Repository outside of Payables and Receivables are not included in the Turnover Reporting Selection Process Data Extract. Proper Transaction Tax set-up (Transaction Business Category, Document Fiscal Classification, User defined Fiscal Classification), necessary to select the transactions correctly, is a key prerequis prerequisite ite for Modelo reporting. For Modelo 349 Tax Rule applying proper tax determinants for Intra EU operations is needed. Tax Rule will use Party Address, Source (Payables or Receivables), Intended Use, and Product Type set-up items to generate proper values for Transaction Key. To deliver Modelo reports in Fusion new selection process is delivered: Turnover Reporting Selection Process. This is a process that transfers key data concerning Modelo transactions to the separate tables to allow different Modelo Types generation. This is a separate solution described in other documents. The following important rules apply for this process 1.  Turnover Reporting Selection Process is run for a range of dates, selecting all Payables or Receivables transactions in which either Accounting Date or Transaction Date is within the date range e entered ntered as selection parameter. 3

 

2.  Calendar used for the first run of Turnover Reporting Selection Process in a given year is used for Modelo reporting for the entire year. It is possible to change the calendar only at year end, after all the periods for the year are ‘Finally’ selected. 

3.  This process is run in ‘Draft’ and ‘Final’ mode and allows freezing periods for Modelo reporting. However it is possible to run Modelo report for next period, even if the previous period was not ‘F ‘Finally’ inally’ reported. When transactions are entered and finally reported for a period, transactions not marked as final in that period and all newly created transactions are entered in the next per period. iod. 4.  The process may be re-run re-r un for previous months and assures that only not selected transactions will be added to the transactions pool. 5.  It is required that the Turnover Reporting Selection Process will be completed for all the months within the reported period before a Modelo Electronic File Generation for Spain or Modelo Verification Report will be run for the period per iod or range of periods. It is a user procedure to verify if all the transactions were selected for adequate periods by Turnover Reporting Re porting Selection Process. Some check will be done at report parameters entry: a.  The Modelo Verification Report Period parameters only contain values for periods that have been extracted by the turnover selection process b.  The Modelo Electronic File Generation Year parameter only o nly contains values if one of more periods for that year are extracted by the turnover selection process.

4

 

The flow can be summarised as follows:

repare re Model Modelo o Tax Tax R ep eports orts for S pa pain in Oracle Fusion P repa Calculate Transaction Taxes

Post AP and  AR transactions

Run VAT Journal reports for Spain

Run Turnover Reporting Selection Procedure

Run Modelo reports and verify the data

Correct source data or set-up

 Are the Modelo Reports OK

No Yes

END

(Optional) Run the verification reports and store the result for future reference

Generate the Modelo file and send to Tax  Authorities

Is the Tax Selection process final for all the reported periods?

Yes

No

Run the Turnover Reporting Selection Process in ‘Final’

mode for the period completed

Yes

Is this the last Modelo reports left for the period?

No

 

Prerequisites 2.  Assumptions and Prerequisites In this document, the following entities are assumed to have already been configured:

  Data Security

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  Geographies

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  Enterprise Structure

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  Tax Regime to Rate

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  Tax Party Profiles

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  Tax Rules

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  Suppliers



  Customers



  Procurement Business Function

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  Common Options for Payables and Receivables

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5

 

3.  Feature Specific Setup Note: There is a matrix in the transaction section of this document explaining what setup features will b be e incorporated into each Payables and Receivables transaction for proper transaction t ransaction placement each Modelo report (Transaction Matrix Matrix)).

Defining Tax Jurisdictions Setup and Maintenance – Manage Tax Jurisdictions A tax jurisdiction is the geographic area where a tax is levied by a specific tax authority. Jurisdictions are setup for a tax using geographies or tax zones for the application of surcharges.

Defining Taxes Setup and Maintenance – Manage Taxes Rate Type – Tax Rate A tax for surcharges is configured c onfigured for customer Modelo 349 transactions.

6

 

Defining Tax Rates 7

 

Transaction Business Categories are used for determination determ ination of the transaction will be reported on the Modelos 340, 347, 349, or 415. Task name: Manage Tax Rates Navigation: Navigator – > Setup and Maintenance -> Manage Tax Rates

Tax Rates for Modelo rates need to be updated based on Spanish legislation. Rates to be updated include:

  ES VAT Standard Offset Rate

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  ES VAT STANDARD RATE

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  ES VAT Standard on Services Rate

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  ES RdE STANDARD SERV RATE

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Offsets for Modelo 349:

  ES VAT Standard Offset Rate



8

 

Tax Rates for all of Modelo reporting:

  ES VAT STANDARD RATE

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9

 

  ES VAT Standard on Services Rate

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10

 

  ES RdE STANDARD SERV RATE (Surcharges)



11

 

Defining Recovery Tax Rates Setup and Maintenance – Manage Tax Rates Rate Type – Tax Recovery Rate Recovery rates are needed for surcharge transactions.

Defining Tax Statuses Setup and Maintenance – Manage Tax Statuses

Defining Transaction Business Categories

Transaction Business Categories are used for determination determ ination of the transaction will be reported on the Modelos 347, 349, or 415. 12

 

Task name: Manage Transaction-Based Transaction-Based fiscal Classificat Classifications ions Navigation: Navigator – > Setup and Maintenance -> Manage Transaction-Based Fiscal Classificatio Classifications ns -> Search For: Transaction Business Category codes

A parent child relationship is configured for the Transaction Business Category Codes prior to transaction entry. Codes that are the parent or child values in the hierarchy are placed placed on the Payables or Receivables transactions. The Fiscal Classification Code Path on each code is picked up by the tax rules marking the transaction for placement on the correct Modelo report. 

The parent column explains which Transactions Business Categories are associated to each eac h application by both the table ‘SALES’ for Receivables and ‘PURCHASE’ for Payables.  For Receivable transactions: Code

Name

Parent

MOD347

Modelo 347

SALES_TRANSACTION/INVOICE SALES_TRANSA CTION/INVOICE TYPE

B

B- MOD347 Deliveries of goods and services above minimum amount

SALES_TRANSACTION/INVOICE SALES_TRANSACTION/INVOICE TYPE/MOD347

F

F- MOD 347 Travel Agents Sales: Services documented by means of issued invoices by travel agencies

SALES_TRANSACTION/INVOICE SALES_TRANSA CTION/INVOICE TYPE/MOD347

MOD347PR

Modelo 347 Property Rental

SALES_TRANSACTION/INVOICE SALES_TRANSA CTION/INVOICE TYPE

13

 

Code

Name

Parent

B

B- MOD347PR Deliveries of goods and services above minimum amount

SALES_TRANSACTION/INVOICE SALES_TRANSA CTION/INVOICE TYPE/MOD347P TYPE/MOD347PR R

F

F- MOD347PR Travel Agents Sales: Services documented by means of issued invoices by travel agencies

SALES_TRANSACTION/INVOICE SALES_TRANSA CTION/INVOICE TYPE/MOD347P TYPE/MOD347PR R

MOD349

Modelo 349

SALES_TRANSACTION/INVOICE SALES_TRANSA CTION/INVOICE TYPE

MOD415

Modelo 415

SALES_TRANSACTION/INVOICE SALES_TRANSA CTION/INVOICE TYPE

B

B- MOD415 Deliveries of goods and services above minimum amount

SALES_TRANSACTION/INVOICE SALES_TRANSACTION/INVOICE TYPE/MOD415

F

F- MOD415 Travel Agents Sales: Services documented by means of issued invoices by travel agencies

SALES_TRANSACTION/INVOICE SALES_TRANSA CTION/INVOICE TYPE/MOD415

MOD415_347

Modelo 415 & Modelo 347

SALES_TRANSACTION/INVOICE SALES_TRANSA CTION/INVOICE TYPE

B

B- MOD415_347 Deliveries of goods and services above minimum amount

SALES_TRANSACTION/INVOICE SALES_TRANSA CTION/INVOICE TYPE/MOD415_34 TYPE/MOD415_347 7

C

C- MOD415_347 Payments by mediation

SALES_TRANSACTION/INVOICE SALES_TRANSACTION/INVOICE TYPE/MOD415_34 TYPE/MOD415_347 7

F

F- MOD415_347 Travel Agents Sales: Services documented by means of issued invoices by travel agencies

SALES_TRANSACTION/INVOICE SALES_TRANSA CTION/INVOICE TYPE/MOD415_34 TYPE/MOD415_347 7

MOD415_347PR

Modelo 415 & Modelo 347PR

SALES_TRANSACTION/INVOICE SALES_TRANSA CTION/INVOICE TYPE

B

B- MOD415_347PR Deliveries of goods and services above minimum amount

SALES_TRANSACTION/INVOICE SALES_TRANSA CTION/INVOICE TYPE/MOD415_34 TYPE/MOD415_347PR 7PR

C

C- MOD415_347PR Payments by mediation

SALES_TRANSACTION/INVOICE SALES_TRANSACTION/INVOICE TYPE/MOD415_34 TYPE/MOD415_347PR 7PR

F

F- MOD415_347PR Travel Agents Sales: Services documented by means of issued invoices by travel agencies

SALES_TRANSACTION/INVOICE SALES_TRANSA CTION/INVOICE TYPE/MOD415_34 TYPE/MOD415_347PR 7PR

For Payables Transactions: Code

Name

Parent

MOD347

Modelo 347

PURCHASE_TRANSACTION/INVOIC PURCHASE_TRA NSACTION/INVOICE E TYPE

A

PURCHASE_TRANSACTION/INVOIC PURCHASE_TRA NSACTION/INVOICE E TYPE/MOD347

G

A- MOD347 Acquisitions of goods and services above minimum amount G- MOD347 Travel Agent Purchases

PURCHASE_TRANSACTION/INVOIC PURCHASE_TRA NSACTION/INVOICE E TYPE/MOD347

MOD347PR

Modelo 347 Property Rental

PURCHASE_TRANSACTION/INVOIC PURCHASE_TRA NSACTION/INVOICE E TYPE

MOD349

Modelo 349

PURCHASE_TRANSACTION/INVOIC PURCHASE_TRA NSACTION/INVOICE E TYPE

MOD415

Modelo 415

PURCHASE_TRANSACTION/INVOIC PURCHASE_TRA NSACTION/INVOICE E TYPE

A

A- MOD415 Acquisitions of goods and services above minimum amount C- MOD415 Payments by mediation

PURCHASE_TRANSACTION/INVOIC PURCHASE_TRA NSACTION/INVOICE E TYPE/MOD415

C

PURCHASE_TRANSACTION/INVOIC PURCHASE_TRA NSACTION/INVOICE E TYPE/MOD415

D

D- MOD415 Purchases made by public entities not intended for business or professional activity

PURCHASE_TRANSACTION/INVOIC PURCHASE_TRA NSACTION/INVOICE E TYPE/MOD415

E

E- MOD415 Grants

PURCHASE_TRANSACTION/INVOIC PURCHASE_TRA NSACTION/INVOICE E TYPE/MOD415

G

G - MOD415 Travel Agents Purchases: Services rendered of traveler transportation and their luggage by air travel

PURCHASE_TRANSACTION/INVOIC PURCHASE_TRA NSACTION/INVOICE E TYPE/MOD415

MOD415_347

Modelo 415 & Modelo 347

PURCHASE_TRANSACTION/INVOIC PURCHASE_TRA NSACTION/INVOICE E TYPE

A

A- MOD415_347 Acquisitions of goods and services above minimum amount

PURCHASE_TRANSACTION/INVOIC PURCHASE_TRA NSACTION/INVOICE E TYPE/ MOD415_347

14

 

Code

Name

Parent

C

C- MOD415_347 Payments by mediation

D

D- MOD415_347 Purchases made by public entities not intended for business or professional activity

PURCHASE_TRA PURCHASE_TRANSACTION/INVOIC NSACTION/INVOICE E TYPE/ MOD415_347 PURCHASE_TRANSACTION/INVOIC PURCHASE_TRA NSACTION/INVOICE E TYPE/ MOD415_347

E

E- MOD415_347Grants

G

G Travel Agents Purchases: Services rendered of traveler transportation and their luggage by air travel

PURCHASE_TRANSACTION/INVOIC PURCHASE_TRA NSACTION/INVOICE E TYPE/ MOD415_347 PURCHASE_TRANSACTION/INVOIC PURCHASE_TRA NSACTION/INVOICE E TYPE/ MOD415_347

MOD415_347PR

Modelo 415 & Modelo 347PR

PURCHASE_TRANSACTION/INVOIC PURCHASE_TRA NSACTION/INVOICE E TYPE

Defining Document Fiscal Classification Codes

The document fiscal classifications placed on the Payables and Receivable transactions containing ‘340’ are selected for reporting on the Modelo Modelo 340 Report. Inversely, the transactions with the code ‘MOD340_EXCL’ are not be picked up for 340 reporting. Those transactions with codes listed as ‘Issued’ will be placed in the t he ‘Issued’ section of the Modelo 340 and those with ‘Received’ will be placed in the ‘Received’ section of the report.  Task name: Manage Transaction-Based Transaction-Based fiscal Classificat Classifications ions Navigation: Navigator – > Setup and Maintenance -> Manage Transaction-Based Fiscal Classificatio Classifications ns -> Search For: Document Fiscal Classification Codes

Fiscal

Fiscal Classification Code

Country

Classification

Effective

Parent

From

Code

Path E

E- Declaration of Issued Invoices

Spain

1-Jan-51

MOD340

F

F- Declaration of Issued Invoices IGIC

Spain

1-Jan-51

MOD340

15

 

MOD340

Modelo 340

Spain

1-Jan-51

MOD340_EXCL

Exclude from Modelo 340 Declaration

Spain

1-Jan-51

R

R- Declaration of Received Invoices

Spain

1-Jan-51

MOD340

S

S- Declaration of Received Invoices IGIC

Spain

1-Jan-51

MOD340

U

U- Declaration of certain Inter EU Transactions

Spain

1-Jan-51

MOD340

UA

UA- Declaration of certain Inter EU Transactions (Type A Sending or

Spain

1-Jan-51

MOD340

Spain

1-Jan-51

MOD340

reception of certain goods) UB

UB- Declaration of certain Inter EU Transactions (Type B Transfers or acquisitions of certain goods)

Oracle Applications use the Fiscal Classification (Book Type) as ‘R’ (Declaration of Received Invoices), for invoices entered through Oracle Payables and ‘E’ (Declaration of Issued Invoices), for transactions entered through Oracle

Receivables, therefore there is no further action required. Invoice Type (Context field)

Modelo

Document

340

Fiscal Classification (Book

Modelo 340 Transaction Code

Type) Modelo 340 Modelo 349

N/A Yes

No default AR = ‘U’ 

Blank Blank

AP = ‘U’ 

Modelo 347

Yes

AR = ‘E’ 

Blank

AP = ‘R’ 

Modelo 347 Property Rental

Yes

AR = ‘E’ 

Blank

AP = ‘R’ 

Modelo 415

Yes

AR = ‘F’ 

Blank

AP = ‘S’ 

Modelo 415 and Modelo 347

Yes

No default (*)

Blank

Modelo 415 and Modelo 347 - Property Rental

Yes

No default (*)

Blank

Defining Party Fiscal Classifications Setup and Maintenance – Manage Party Fiscal Classifications Party Fiscal Classifications are used to signify which to customers are to have the additional surcharge associated to Receivables transactions.

16

 

 Assigning Party Fiscal Cl Classifications assifications to Customers Customers AR_MGR_SPAIN Testing – Small Spanish Customer Billing – Manage Customers Tax Profile Tab

User-Defined Fiscal Classification Codes User-Defined Fiscal Classifications are used to associate the correct cor rect purpose of the transaction tr ansaction for the Modelo 340. The values entered in the tax tax determinants of the Payables and Receivables transactions are are category values supplied by Spanish tax legislation. Task name: Manage Transaction-Based Transaction-Based Fiscal Classifications

17

 

Navigation: Navigator – > Setup and Maintenance -> Manage Transaction-Based Fiscal Classificatio Classifications ns -> Search For: User-Defined Document Fiscal Classification Codes User-Defined Fiscal Classification Classification Codes are used for Modelo 340.

Fiscal Classification Code

Fiscal Classification Name

Country

Start Date

MOD340A

A- Invoices Summary Journal

Spain

1-Jan-51

MOD340B

B- Tickets Summary Journal

Spain

1-Jan-51

MOD340C

C- Invoice with several journals (several tax codes)

Spain

1-Jan-51

MOD340D

D- Rectification Invoice

Spain

1-Jan-51

MOD340G

G- Special regime of VAT group entities (includes real counter-assistance to cost)

Spain

1-Jan-51

MOD340H

H- Special regime of gold investment

Spain

1-Jan-51

MOD340I

II- Investment of the Taxable Person (ISP)

Spain

1-Jan-51

MOD340J

J- Tickets

Spain

1-Jan-51

MOD340K

K- Rectification (correction) of recorded annotations

Spain

1-Jan-51

MOD340L

L- Declaration of acquisitions to IGIC retailers

Spain

1-Jan-51

MOD340M

M- VAT/IGIC invoice pending to be accrued (issued invoice)

Spain

1-Jan-51

MOD340N

N- Invoicing of travel agencies services that act as mediators in name of and on behalf

Spain

1-Jan-51

Spain

1-Jan-51

of others MOD340O

O- Invoice issued in replacement of invoices and declared tickets

18

 

Fiscal Classification Code

Fiscal Classification Name

Country

Start Date

MOD340P

P- Intracommunitary acquisitions of goods

Spain

1-Jan-51

MOD340Q

Q- Special regime of used goods, art, antiques and collection articles

Spain

1-Jan-51

MOD340NONE

None

Spain

1-Jan-51

MOD340R

R- Business rental transaction

Spain

1-Jan-51

MOD340S

S- Grants and assistance provided or received by public or private sector entities

Spain

1-Jan-51

MOD340T

T- Collections on behalf of third parties of professional fees or rights derived from

Spain

1-Jan-51

intellectual property, industrial, authoring or others MOD340U

U- Insurance transaction

Spain

1-Jan-51

MOD340V

V- Travel agency purchases

Spain

1-Jan-51

MOD340W

W- Transactions subject to Production, Services and Import Tax to the cities of Ceuta

Spain

1-Jan-51

and Melilla MOD340X

X- Agricultural Transactions, having issued the pertinent receipt

Spain

1-Jan-51

MOD340Z

Z: Special deferred regime

Spain

1-Jan-51

MOD3401

1: Deferred VAT. Invoice summary journal

Spain

1-Jan-51

MOD3402

2: Deferred VAT. Invoice with several journals (several rates)

Spain

1-Jan-51

MOD3403

3: Deferred VAT. Rectification Invoice

Spain

1-Jan-51

MOD3404

4: Deferred VAT. Acquisitions performed by travel agencies for travelers (special

Spain

1-Jan-51

regime of travel agencies) MOD3405

5: Deferred VAT. Simplified Invoice

Spain

1-Jan-51

MOD3406

6: Deferred VAT. Rectification of registration / registrar errors

Spain

1-Jan-51

MOD3407

7: Deferred VAT. Invoicing for services rendered by travel agencies that act as mediators on behalf of someone else

Spain

1-Jan-51

MOD3408

8: Deferred VAT. Business / office space rental transaction

Spain

1-Jan-51

Tax Reporting Types and Codes

Task name : Manage Tax Reporting Types Navigation: Navigator – > Setup and Maintenance -> Manage Tax Reporting Types

The following Tax Reporting Type/Codes are defined to be associated with the Intra-EU transactions. 19

 

For Modelo 349:

These report returns the following values based on ‘G’, ‘S’, or ‘T’: A: Intra-community acquisitions that are subject to VAT (Goods in AP) E: Exempt intra-community deliveries, except triangulations - Goods in AR, not Triangulation) T: Triangulations (Goods in AR, with Intended Use = Triangulation) S: Intra-community services performed by the declarer (Services in AR) I: Intra-community acquisition of services, provided by other member states (Services in AP) Reporting Code on Transaction

Application

Goods

Services

Value Retuned on Report

G (Goods)

Payables

A

S (Services)

Payables

I

G (Goods - Non Triangulation)

Receivables

E

G (Goods - Triangulation)

Receivables

T

S (Services)

Receivables

S

When product type of Goods or Services S ervices in combination of Intended-Use of Triangulation is placed on the transaction will determine which of the above values is placed on the report. 

Tax Reporting Codes are used to group transactions for reporting purposes. In this example a tax reporting code is configured for the ‘INTRA_EU_VAT_TRANSACTION_TYPE’. This will allow the reports to be run by ‘Tax Reporting Code’ for Modelo 349. The Tax Reporting Code can then be assigned to the tax status that relates to

your transactions.

20

 

Tax Reporting Type Codes are also defined def ined for Modelo 349 to mark customer transactions with additional surcharges. EMEA_VAT_REPORTING_TYPE EMEA_VAT_REPORTING_TYPE of Services are assigned to to the surcharge tax rate.

Intended Use Fiscal Classification Codes

Triangulation: If a business is an intermediate supplier to a Spanish buyer of goods purchased from a business in another EU Member State and that are delivered de livered from there to Spain, VAT due can be accounted for by the Spanish customer.  Task name: Manage Product-Based Fiscal Classifications Classifications Navigation: Navigator – > Setup and Maintenance -> Manage Product-Based Fiscal Classifications Search For: Intended Use Fiscal Classification Classification Codes

21

 

The Intended Use Fiscal Classification is placed the appropriate Receivables Re ceivables transactions for the Modelo 349 report.

Global Descriptive Flexfields (GDFs)

The ability to add additional property rental attributes to a Receivables Re ceivables transaction is done through seeded Global Descriptive Flexfields for property localizations. The following transactions are reported: 1.  Sales operations concerning goods and services (including domestic, certain Intra-EU and certain IGIC transactions) 2.  Purchases operations concerning goods and services (including domestic, certain Intra-EU and certain IGIC transactions) 3.  Operations relating to property rentals 4.  Cash Receipts above a legally set limit - displays the sum of the cash receipts (above minimum amount) for each Customer, by Cash Received Year (GDF attribute at transaction header level)

Task name : Manage Receivables Descriptiv Descriptive e Flexfields Navigation: Navigator – > Setup and Maintenance > Manage Receivables Descriptive Flexfields

Descriptive Flexfields Flexfields are used for Modelo 340, 347, 349, and 415 for Receivables transactions.

Field

Purpose

Transaction Deadline

Captures the number of days in order to perform the transaction, such as the duration of the service or project. Captures the date the transaction was performed from the original invoice.

Transaction Date Year of Amount Received in Cash

Modelo 340

Modelo 347

Modelo 349

Modelo 415

Captures the year when amount in cash was received from the original invoice. When reported in the next period, the transaction tr ansaction will show on period in which it was reported.

22

 

Field

Purpose

Transmission of Property

Captures if the transaction is related to the transmission of properties which are subject to VAT. Captures the physical address of the property.

Property Location Correction Year

Correction Period

 



Modelo 340

Modelo 347

Modelo 349

Modelo 415

Captures the value of the year of the declaration corrected if the transaction corrects a transaction reported on a previous Spanish Modelo 349 declaration. Captures the period of declaration if the transaction entered corrects another transaction reported on a previous Spanish Modelo 349 declaration.

All fields listed above are supported when uploading transactions through transaction interfaces

Product Type

Oracle supplies lookup codes for ‘GOODS’ and ‘SERVICES’ within the t he lookup type ‘Product Type’. The Product Type value in conjunction with Intended Use is utilized to generate proper values for Transaction Key for Modelo reporting.  Task name: Manage Standard Lookups Navigation: Navigator – > Setup and Maintenance > Manage Standard Lookups

The Product Type of Goods or Services are used for the Modelo 349.

Tax Status Rules

Setup and Maintenance -> Manage Tax Rules

23

 

Change the drop down to Tax Status Rules to create a new Tax Rule with the following attributes.

Tax Status Rules will be configured for Modelo 349 customer transactions. Three condition sets follow for each of the following:

  Goods



  Services

 

  Triangulation

24

 

25

 

26

 

27

 

Place of Supply Rules

Setup and Maintenance -> Manage Tax Rules -> Place of Supply Rules

Change the drop down to Place of Supply Rules to create a new Tax Rule with the following attributes.

Create New Determining Factor Set

28

 

New Tax Condition Sets need to be added to the Tax Rule. The three condition set attributes follow.

29

 

30

 

Tax Registration Rules

Setup and Maintenance -> Manage Tax Rules

Change the drop down to Tax Registration Rules to create a new Tax Rule with the following attributes. It is important to note that the rule listed below is the ONLY ONLY enabled rule. Other registration rules as depicted depicted below should be disabled. Rules that are defined defined as ‘ES VAT REGISTRATION’ should both have an end date and unchecked for Enabled. 31

 

32

 

33

 

Locations

Task name: Manage Locations Navigation: Navigator – > Setup and Maintenance > Manage Locations

Property address is defined for each transaction related to property rental and used in Modelo 347 for transactions related to property rental for 340 3 40 and 347 for Receivables Rec eivables transactions. The attributes extracted from the t he Spanish locations are:

                               

               

Land Registry Reference Country Province City Postal Code Location Type Location Name Location Number Number Type Number Qualifier Building Portal Stairs Floor Door Complement

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Suppliers For each supplier to be eligible e ligible for Modelo reporting, that Supplier is marked as a registered taxpayer, having only one Tax Reporting Site. Only one Supplier Site is marked as Federal reportable. The Modelo program groups transactions by Supplier, Taxpayer Id/ Tax Registration Number. For each group of transactions with same Taxpayer ID/Tax Reporting Number and Supplier ID, a Tax Reporting Site is recognized (Federal

reportable is checked). Task name : Manage Suppliers Navigation: Navigator – > Procurement -> Suppliers

4.  Transaction Matrix For the proper placement on the Modelos, the transactions must contain the correct attributes for accurate reporting. The tax configuration and transaction attribute values provid provided ed by Oracle in the ‘Feature Specific Setup’ section of this document are used for the Payables and Receivables transactions. 35

 

Transaction Attributes

Tax Point Basis

340

Invoice

347

349

Invoice

Invoice

347

349

415

Deferred

Invoice

Payment

415

Deferred

Payables

Receivables

Payables

Receivables

Transaction Business Category Document Fiscal Classification Product Type User Defined Fiscal Classificati Classification on Intended Use (Triangulation) Global Descriptive Flexfield GDF Transaction Deadline GDF Transaction Date GDF Year of Amount Received in Cash GDF Property Location GDF Transmission of Property Subject to VAT GDF Correction Year GDF Correction Period Configuration Attributes

340

HR Locations Property Address HR Location Land Registry Tax Reporting Code Tax Rule

Customer/Supplier Customer/Suppl ier Site

Outside of Spain

5.  Transactions Payables

The proper attributes determine which report(s) each transaction is reported. The following are fields populated with proper values and placed on the correct Modelo. Those individual values for for the fields on the invoice are in each report section. For Supplier transactions to be included in Modelo reporting, the t he ‘Federal Reportable Flag’ must be marked.

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A Payables transaction contains the following attributes:

Payables Field Values

340

347

349

415

Receivables

The proper attributes determines which report(s) each transaction is rreported. eported. The following are fields populated with proper values and placed on the correct Modelo. Those individual values values for the fields on the invoice are in each report section.

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Receivables Values

340

347

349

415

6.  Modelo Reporting The following process and reports apply.

Turnover Reporting Selection Process

A process which prepares data for Modelo reporting. It needs to be run before Modelo reports are generated. This process applies selection criteria to allow selection of transactions t ransactions by Accounting Date or Transaction Date (transactions are selected if any of the t he dates fall within selection period) , independently from Tax Selection process. Each Modelo run selects transactions by the appropriate accounting calendar date depending on the Modelo and Source selection. 38

 

Navigation: Navigator – > Tools -> Scheduled Processes

The Selection Mode is run in Preliminary or Final. If no changes need to be made to the transactions prior to transmission of the report, the Turnover Reporting Selection Se lection Process is run in Final, fre freezing ezing the transactions for the period.

Turnover Report Parameters

Modelo 340

A report showing received and issued transactions: transactions: domestic transactions, some Intra-EU operations operations and IGIC transactions. Some of the transactions might show up in Modelo 349 or Modelo 415 as well.

Navigation: Navigator – > Tools -> Scheduled Processes

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Modelo 340 Report Parameters

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Payables Attributes Field Document Fiscal Classification

User-Defined Fiscal Classification Codes

Modelo 340 Values E- Declaration of Issued Invoices F- Declaration of Issued Invoices IGIC Modelo 340 Exclude from Modelo 340 Declaration U- Declaration of certain Inter EU Transactions UA- Declaration of certain Inter EU Transactions (Type A Sending or reception of certain goods) UB- Declaration of certain Inter EU Transactions (Type B Transfers or acquisitions of certain goods) A- Invoices Summary Journal

B- Tickets Summary Journal C- Invoice with several journals (several tax codes) D- Rectification Invoice G- Special regime of VAT group entities (includes real counter-assistance to cost) H- Special regime of gold investment I- Investment of the Taxable Person (ISP) J- Tickets K- Rectification (correction) of recorded annotations L- Declaration of acquisitions to IGIC retailers M- VAT/IGIC invoice pending to be accrued (issued invoice) N- Invoicing of travel agencies services that act as mediators in name of and on behalf of others

Receivables Attributes Field Document Fiscal Classification

Modelo 340 Values E- Declaration of Issued Invoices F- Declaration of Issued Invoices IGIC Modelo 340 Exclude from Modelo 340 Declaration R- Declaration of Received Invoices S- Declaration of Received Invoices IGIC U- Declaration of certain Inter EU Transactions UA- Declaration of certain Inter EU Transactions (Type A Sending or o r reception of certain goods) UB- Declaration of certain Inter EU Transactions (Type B Transfers or acquisitions of certain goods)

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User-Defined Fiscal Classification Codes

A- Invoices Summary Journal

B- Tickets Summary Journal C- Invoice with several journals (several tax codes) D- Rectification Invoice G- Special regime of VAT group entities (includes real counter-assistance to cost) H- Special regime of gold investment II- Investment of the Taxable Person (ISP) J- Tickets K- Rectification (correction) of recorded annotations K- Rectification (correction) of recorded annotations L- Declaration of acquisitions to IGIC retailers M- VAT/IGIC invoice pending to be accrued (issued invoice) N- Invoicing of travel agencies services that act as mediators in name of and on behalf of others O- Invoice issued in replacement of invoices and declared tickets

Modelo 347

The Modelo 347 report shows all the domestic and *IGIC Payables and Receivables transaction in a selected period. Summary by Customer/Supplier. *IGIC (Impuesto General Indirecto Canario) is a is a state indirect ttax ax levied on the supply of goods or services supplied by entrepreneurs and professionals made in the Canary Islands and imp imports orts of goods in the Territory. It has a structure and operation similar to VAT. V AT. It was established by Law 20/1991, of June 7, amending the tax aspects of Economic and Fiscal Regime of the Canary Islands (BOE No. 137 of June 8, 1991). It entered into force on January 1, 1993.

Modelo 347 Report Parameters Navigation: Navigator – > Tools -> Scheduled Processes

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Payables Attributes Field Transaction Business Category

Name

Parent

Modelo 347 (A)

PURCHASE_TRANSACTION/INVOI PURCHASE_TRANSACTION/INVOICE CE TYPE

A- Acquisitions of goods and services above minimum amount G- Travel Agent Purchases

PURCHASE_TRANSACTION/INVOICE TYPE/MOD347 PURCHASE_TRANSACTION/INVOI PURCHASE_TRANSACTION/INVOICE CE TYPE/MOD347

Modelo 347 Property Rental (A) Modelo 415 & Modelo 347 (A)

PURCHASE_TRANSACTION/INVOI PURCHASE_TRANSACTION/INVOICE CE TYPE PURCHASE_TRA PURCHASE_TRANSACTION/INVOI NSACTION/INVOICE CE TYPE

A- Acquisitions of goods and services above minimum amount C- Payments by mediation

PURCHASE_TRANSACTION/INVOI PURCHASE_TRA NSACTION/INVOICE CE TYPE/ MOD415_347 PURCHASE_TRA PURCHASE_TRANSACTION/INVOI NSACTION/INVOICE CE TYPE/ MOD415_347 PURCHASE_TRANSACTION/INVOI PURCHASE_TRA NSACTION/INVOICE CE TYPE/ MOD415_347

D-Purchases made by public entities not intended for business or professional activity E- Grants G Travel Agents Purchases: Services rendered of traveler transportation and their luggage by air travel Modelo 415 & Modelo 347PR (A)

PURCHASE_TRANSACTION/INVOI PURCHASE_TRA NSACTION/INVOICE CE TYPE/ MOD415_347 PURCHASE_TRANSACTION/INVOI PURCHASE_TRA NSACTION/INVOICE CE TYPE/ MOD415_347 PURCHASE_TRA PURCHASE_TRANSACTION/INVOI NSACTION/INVOICE CE TYPE

Receivables Attributes Field Transaction Business Category

Name

Parent

Modelo 347

SALES_TRANSACTION/INVOICE SALES_TRANSACTION/INVOICE TYPE

B- Deliveries of goods and services above minimum amount F- Travel Agents Sales: Services documented by means of issued invoices by travel agencies

SALES_TRANSACTION/INVOICE SALES_TRAN SACTION/INVOICE TYPE/MOD347 SALES_TRANSACTION/INVOICE SALES_TRAN SACTION/INVOICE TYPE/MOD347

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Modelo 349

The Modelo 349 is a summary by supplier of Inter-EC purchases of physical goods. For transactions that correct previous declarations, the report separately lists the relevant r elevant suppliers and invoice amounts with the period and year of the correction. Navigation: Navigator – > Tools -> Scheduled Processes

Modelo 349 Report Parameters

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Payables Attributes Field

Name

Parent

Business Transaction Code

Modelo 349

PURCHASE_TRA PURCHASE_TRANSACTION/INVOIC NSACTION/INVOICE E TYPE

Product Type

Goods

N/A

Product Type

Services

N/A

Field

Name

Parent

Business Transaction Code

Modelo 349

SALES_TRANSA SALES_TRANSACTION/INVOICE CTION/INVOICE TYPE

Product Type

Goods

N/A

Product Type

Services

N/A

Receivables Attributes

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Modelo 415 The Modelo 415 is a summary domestic purchases and sales (both goods and services) in the Canary Islands that are subject to the Canary Islands transactions. Navigation: Navigator – > Tools -> Scheduled Processes

Modelo 415 Report Parameters

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Payables Attributes Field

Name

Parent

Business Transaction Code

Modelo 415

PURCHASE_TRANSACTION/INVOICE PURCHASE_TRANSACTION/INVOICE TYPE PURCHASE_TRANSACTION/INVOICE TYPE/MOD415

A- Acquisitions of goods and services above minimum amount C- Payments by mediation D-Purchases made by public entities not intended for fo r business or professional activity E- Grants

PURCHASE_TRAN PURCHASE_TRANSACTION/INVOICE SACTION/INVOICE TYPE/MOD415 PURCHASE_TRANSACTION/INVOICE TYPE/MOD415

G Travel Agents Purchases: Services rendered of traveler transportation and their luggage by air travel

PURCHASE_TRANSACTION/INVOICE PURCHASE_TRANSACTION/INVOICE TYPE/MOD415 PURCHASE_TRANSACTION/INVOICE TYPE/MOD415

Field

Name

Parent

Business Transaction Code

B- Deliveries of goods and services above minimum amount

SALES_TRANSACTION/INVOICE SALES_TRANSACTION/INVOICE TYPE/MOD415 SALES_TRANSACTION/INVOICE TYPE/MOD415

Receivables Attributes

F- Travel Agents Sales: Services documented by means of issued invoices by travel agencies

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7.  Appendix Here are some useful information sources to assist with the implementation : Repository  (Financial Report Listing) Listing)    Oracle Enterprise Repository



The OER provides content relating to the report parameters and sample report report output. Log in as ‘guest’ from  OER  from OER first. Started)    Oracle Financials Cloud Release 9 (Get Started) 



The web site contains links to subscriptions, understanding Oracle Financials Cloud and Implementation advice.

  Oracle Fusion Financials Cloud Release 9 What’s New 



This document contains additional information relating to this feature and other Fusion Financials features and capabilities 9     Enterprise Resource Planning Release Readiness for Financials Release 9



The web site contains links to spotlights, release content c ontent documents, product documentation and training)

  Captivate Recording (link to be added at a later date when we have a recording)



  Spanish reference collateral:

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Title

Author

Location

Law Change 14/2013 Entrepreneurial Assistance Law

Government

http://www.boe.es/boe/dias/2013/09/28/pdfs/BOE-A-2013-10074.pdf 

Royal Decree 828/2013

Spain tax Authorities

http://www.boe.es/boe/dias/2013/10/26/pdfs/BOE-A-2013-11216.pdf 

Changes to 2013 informative declarations

Spain Tax Authorities

http://www.agenciatributaria.es/static_files/AEAT/Contenidos_Comunes/La_ Agencia_Tributaria/Informacion_institucional/Otra_informacion/INFORMATIV AS_2013_Portal.pdf   

Draft Ministerial Order

Spain Tax Authorities

http://www.agenciatributaria.es/static_files/AEAT/Contenidos_Comunes/La_ Agencia_Tributaria/Normativas/Normas_tramitacion/ProyectoOM_303.pdf 

Final Specifications

Spain Tax Authorities

http://www.agenciatributaria.es/static_files/AEAT/Contenidos_Comunes/La_ Agencia_Tributaria/Ayuda/Disenyos_de_registro/Ayudas/DR_300_a_399/fich eros/340_disenos_fisicos_logicos.pdf   

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