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Spain Modelo reporting documentation update note, Release 12 (Doc ID 1288812.1)

Last updated on AUGUST 13, 2021

Applies to:

Oracle Financials for EMEA - Version 12.0.0 to 12.0.7 [Release 12]
Information in this document applies to any platform.

Purpose

This documentation update note applies to Oracle Financials for Spain, Release 12 and includes information about the Spanish Modelo Reports:

Spanish Authorities have implemented changes to the Modelo reporting affecting current Modelo 347 and Modelo 415 Declarations and they introduced the Modelo 340 Declaration file.

Modelo 347 has traditionally been applicable to all companies that have a payables or receivables turnover with any given party over 3,005.06 Euros. Since December 30th, 2008, rules for presenting this electronic file have been changed and are not applicable to our entire installed base, as previously. As specified on the publication of the law in the Official State Bulletin, on December 30th, only to the

The ‘Canary Islands Annual Turnover Declaration with Third Parties’, also known as Modelo 415, is applicable to companies operating in the Canary Islands and subject to the Canary Islands Tax Regime, known as IGIC. There have been changes to the file layout and Travel Agencies are required to identify some of their transactions separately.

The Modelo 340 Declaration file is a periodic reporting file that displays information from several sources: invoices that have been issued, invoices that have been received, transactions pertaining to investment goods (not currently supported in current release), and certain inter EU transactions. This file is applicable to all entities in Spain performing the monthly VAT reporting in order to collect their VAT return on a monthly basis (instead of the traditional yearly mode).

Scope

Intended Audience:

Details

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In this Document
Purpose
Scope
Details
 Patch Information
 Early Adopters Patches:
 General availability patch:
 Required Patch List for customers having Oracle Applications releases 12.0.4, 12.0.5, 12.0.6
 Required Patch List for customers upgrading from 11i to 12.1.1
 These patches should be applied in pre-install mode prior to the application of Release 12.1.1 patch
 Spanish Modelo Reports
 Summary of Changes
 Modelo 340
 Include/Exclude Transactions in the Modelo 340 Declaration
 Book Type
 Modelo 340 Specific Transaction Codes
 Modelo 347
 Property Rentals Extended Address Information
 Transaction Code
 Transmission of Property
 Cash Receipts
 Modelo 415
 Declaration of Issued Invoices, Received Invoices, and Certain Inter EU Transactions (Modelo 340)
 Prerequisites
 Mark the Invoice as Modelo 340 and Enter the Book of Declaration
 Payables Invoice
 Receivable Transactions
 Exclude Specific Transactions from Modelo 340 Report
 Enter Modelo 340 Transaction Code
 Payables Invoice
 Receivable Transactions
 Enter Transactions and Invoices Additional Information
 Transaction Date
 Transaction Deadline
 Generate the Format
 Run the EMEA Vat Selection Process
 Run the Spanish Periodic Modelo Report
 Run the Spanish Annual Modelo Magnetic Format Report
 Reporting Identifier
 Tax Calendar Year
 Modelo Name
 Driving Date
 Contact Telephone Number
 Contact Name
 Reference Number
 Medium
 Period (Modelo 340)
 Electronic Code
 Declaration Type
 Reporting Site Operating Unit
 Spanish Operations with Third Parties Magnetic Format (Modelo 347)
 Mark the Invoice as Modelo 347 and Enter the Transaction Code
 Payables Invoice
 Receivable Transactions
 Exclude Specific Modelo 347 Transactions from Modelo 340 Report
 Enter Transactions with Transmission of Property Subject to VAT amounts
 Additional Information for Property Rental Locations
 Enter Transactions with Property Rental
 Create and Assign a Payment Method for ‘Cash Only’ Receipts
 Enter Cash Receipts
 Generate the Format
 Run the EMEA Vat Selection Process
 Run the Spanish Periodic Modelo Report
 Spanish Canary Islands Annual Operations Magnetic Format (Modelo 415)
 Mark the Invoice as Modelo 415 and Enter the Transaction Code
 Payables Invoice
 Receivable Transactions
 Exclude Specific Modelo 415 Transactions from Modelo 340 Report
 Generate the Format
 Run the EMEA Vat Selection Process
 Run the Spanish Periodic Modelo Report
 Run the Spanish Annual Modelo Magnetic Format Report
 Change Record
References

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