Modelo Reporting For Spain

Modelo Reporting for Spain
ERP CLOUD
Fusion Financials for EMEA
Table of Contents
1. Purpose of the document ....................................................................................................................................3

2. Assumptions and Prerequisites............................................................................................................................5
3. Feature Specific Setup..........................................................................................................................................6
Defining Tax Jurisdictions.........................................................................................................................................6
Defining 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 Matrix .............................................................................................................................................35
5. Transactions .......................................................................................................................................................36
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Payables .................................................................................................................................................................36
Receivables ............................................................................................................................................................37
6. Modelo Reporting ..............................................................................................................................................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 349 ............................................................................................................................................................45
Modelo 415 ............................................................................................................................................................47
7. Appendix ............................................................................................................................................................49
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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 Modelo 340
o Modelo 347
o Modelo 349
o Modelo 415
Reporting
The Turnover Reporting Selection Process Selection process extracts transactions from Oracle Fusion
Payables and Oracle Fusion Receivables to be reported 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 in
the Modelo 340, 347, 349, or 415 declarations. Modelo reporting is run between a period of time
specified by entry into the period parameters (From and To).
The Modelo Electronic File Generation for Spain 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 prerequisite 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 entered as
selection parameter.
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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 Finally 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 period.
4. The process may be re-run 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 or range of periods. It is a user procedure to verify if all the transactions were
selected for adequate periods by Turnover Reporting 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 contains values if one of more
periods for that year are extracted by the turnover selection process.
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The flow can be summarised as follows:
Oracle Fusion Prepare Modelo Tax Reports for Spain

Run VAT Run Turnover Run Modelo
Calculate Post AP and
Transaction
Taxes
AR
transactions
Journal
reports for
Spain
Reporting
Selection
Procedure
reports and
verify the data
OR
Are the Modelo
Reports OK
Correct source
No
data or set-up
Yes
END
(Optional) Run the Generate the
Is the Tax Selection process
verification reports
and store the result
for future reference
Modelo file and
send to Tax
Authorities
Yes
OR
final for all the reported
periods?
No
Run the Turnover

Reporting Selection
Process in Final
mode for the period
Yes
OR
Is this the last Modelo
reports left for the period?
completed
No
2. Assumptions and Prerequisites

In this document, the following entities are assumed to have already been configured:
Data Security
Geographies
Enterprise Structure
Tax Regime to Rate
Tax Party Profiles
Tax Rules
Suppliers
Customers
Procurement Business Function
Common Options for Payables and Receivables
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3. Feature Specific Setup
Note: There is a matrix in the transaction section of this document explaining what setup features will be
incorporated into each Payables and Receivables transaction for proper transaction placement each Modelo
report (Transaction 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 for customer Modelo 349 transactions.
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Defining Tax Rates
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Transaction Business Categories are used for determination 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
ES VAT STANDARD RATE
ES VAT Standard on Services Rate
ES RdE STANDARD SERV RATE
Offsets for Modelo 349:
ES VAT Standard Offset Rate
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Tax Rates for all of Modelo reporting:
ES VAT STANDARD RATE
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ES VAT Standard on Services Rate
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ES RdE STANDARD SERV RATE (Surcharges)
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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 of the transaction will be reported on the Modelos
347, 349, or 415.
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Task name: Manage Transaction-Based fiscal Classifications
Navigation: Navigator > Setup and Maintenance -> Manage Transaction-Based Fiscal Classifications -> 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 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 application by both
the table SALES for Receivables and PURCHASE for Payables.
For Receivable transactions:
Code Name Parent
MOD347 Modelo 347 SALES_TRANSACTION/INVOICE TYPE
B B- MOD347 Deliveries of goods and services above minimum amount SALES_TRANSACTION/INVOICE TYPE/MOD347
F F- MOD 347 Travel Agents Sales: Services documented by means of SALES_TRANSACTION/INVOICE TYPE/MOD347
issued invoices by travel agencies
MOD347PR Modelo 347 Property Rental SALES_TRANSACTION/INVOICE TYPE
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Code Name Parent
B B- MOD347PR Deliveries of goods and services above minimum SALES_TRANSACTION/INVOICE TYPE/MOD347PR

amount
F F- MOD347PR Travel Agents Sales: Services documented by means of SALES_TRANSACTION/INVOICE TYPE/MOD347PR
B B- MOD415 Deliveries of goods and services above minimum amount SALES_TRANSACTION/INVOICE TYPE/MOD415
F F- MOD415 Travel Agents Sales: Services documented by means of SALES_TRANSACTION/INVOICE TYPE/MOD415

MOD415_347 Modelo 415 & Modelo 347 SALES_TRANSACTION/INVOICE TYPE
B B- MOD415_347 Deliveries of goods and services above minimum SALES_TRANSACTION/INVOICE TYPE/MOD415_347

amount
C C- MOD415_347 Payments by mediation SALES_TRANSACTION/INVOICE TYPE/MOD415_347
F F- MOD415_347 Travel Agents Sales: Services documented by means SALES_TRANSACTION/INVOICE TYPE/MOD415_347

of issued invoices by travel agencies
MOD415_347PR Modelo 415 & Modelo 347PR SALES_TRANSACTION/INVOICE TYPE
B B- MOD415_347PR Deliveries of goods and services above minimum SALES_TRANSACTION/INVOICE TYPE/MOD415_347PR

amount
C C- MOD415_347PR Payments by mediation SALES_TRANSACTION/INVOICE TYPE/MOD415_347PR
F F- MOD415_347PR Travel Agents Sales: Services documented by SALES_TRANSACTION/INVOICE TYPE/MOD415_347PR

means of issued invoices by travel agencies
For Payables Transactions:

Code Name Parent
MOD347 Modelo 347 PURCHASE_TRANSACTION/INVOICE TYPE

A A- MOD347 Acquisitions of goods and services above minimum PURCHASE_TRANSACTION/INVOICE TYPE/MOD347
amount
G G- MOD347 Travel Agent Purchases PURCHASE_TRANSACTION/INVOICE TYPE/MOD347
MOD347PR Modelo 347 Property Rental PURCHASE_TRANSACTION/INVOICE TYPE
A A- MOD415 Acquisitions of goods and services above minimum PURCHASE_TRANSACTION/INVOICE TYPE/MOD415
amount
C C- MOD415 Payments by mediation PURCHASE_TRANSACTION/INVOICE TYPE/MOD415
D D- MOD415 Purchases made by public entities not intended for PURCHASE_TRANSACTION/INVOICE TYPE/MOD415
business or professional activity
E E- MOD415 Grants PURCHASE_TRANSACTION/INVOICE TYPE/MOD415

G G - MOD415 Travel Agents Purchases: Services rendered of traveler PURCHASE_TRANSACTION/INVOICE TYPE/MOD415
transportation and their luggage by air travel
MOD415_347 Modelo 415 & Modelo 347 PURCHASE_TRANSACTION/INVOICE TYPE

A A- MOD415_347 Acquisitions of goods and services above minimum PURCHASE_TRANSACTION/INVOICE TYPE/
amount MOD415_347
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Code Name Parent
C C- MOD415_347 Payments by mediation PURCHASE_TRANSACTION/INVOICE TYPE/

MOD415_347
D D- MOD415_347 Purchases made by public entities not intended for PURCHASE_TRANSACTION/INVOICE TYPE/
business or professional activity MOD415_347
E E- MOD415_347Grants PURCHASE_TRANSACTION/INVOICE TYPE/

MOD415_347
G G Travel Agents Purchases: Services rendered of traveler PURCHASE_TRANSACTION/INVOICE TYPE/
transportation and their luggage by air travel MOD415_347
MOD415_347PR Modelo 415 & Modelo 347PR PURCHASE_TRANSACTION/INVOICE 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 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 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 fiscal Classifications
For: Document Fiscal Classification Codes
Fiscal Fiscal Classification Code Country Effective Parent

Classification 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
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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
reception of certain goods)
UB UB- Declaration of certain Inter EU Transactions (Type B Transfers or Spain 1-Jan-51 MOD340
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 Modelo 340 Transaction Code
340 Fiscal Classification (Book
Type)
Modelo 340 N/A No default Blank
Modelo 349 Yes AR = U 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.
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Assigning Party Fiscal Classifications to 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 purpose of the transaction for the Modelo
340. The values entered in the tax determinants of the Payables and Receivables transactions are category
values supplied by Spanish tax legislation.
Task name: Manage Transaction-Based Fiscal Classifications
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For: User-Defined Document Fiscal Classification Codes
User-Defined Fiscal 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
of others
MOD340O O- Invoice issued in replacement of invoices and declared tickets Spain 1-Jan-51
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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 Spain 1-Jan-51
mediators on behalf of someone else
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.
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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 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.
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Tax Reporting Type Codes are also defined for Modelo 349 to mark customer transactions with additional
surcharges. EMEA_VAT_REPORTING_TYPE of Services are assigned 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 from there to Spain, VAT due can be accounted for by the Spanish
customer.
Task name: Manage Product-Based Fiscal Classifications
Navigation: Navigator > Setup and Maintenance -> Manage Product-Based Fiscal Classifications Search For:
Intended Use Fiscal Classification Codes
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The Intended Use Fiscal Classification is placed the appropriate Receivables transactions for the Modelo 349
report.
Global Descriptive Flexfields (GDFs)
The ability to add additional property rental attributes to a Receivables 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 Descriptive Flexfields
Navigation: Navigator > Setup and Maintenance > Manage Receivables Descriptive Flexfields
Descriptive Flexfields are used for Modelo 340, 347, 349, and 415 for Receivables transactions.
Field Purpose Modelo Modelo Modelo Modelo

340 347 349 415
Transaction Deadline Captures the number of days in order to perform

the transaction, such as the duration of the
service or project.
Transaction Date Captures the date the transaction was
performed from the original invoice.
Year of Amount Captures the year when amount in cash was
Received in Cash received from the original invoice. When
reported in the next period, the transaction will
show on period in which it was reported.
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Field Purpose Modelo Modelo Modelo Modelo
340 347 349 415
Transmission of Captures if the transaction is related to the

Property transmission of properties which are subject to
VAT.
Property Location Captures the physical address of the property.
Correction Year Captures the value of the year of the declaration

corrected if the transaction corrects a
transaction reported on a previous Spanish
Modelo 349 declaration.
Correction Period 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 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

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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
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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
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New Tax Condition Sets need to be added to the Tax Rule. The three condition set attributes follow.
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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 enabled rule. Other registration rules as depicted
below should be disabled. Rules that are defined as ES VAT REGISTRATION should both have an end date and
unchecked for Enabled.
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32
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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 and 347 for Receivables transactions.
The attributes extracted from the 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 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 provided by Oracle in the Feature Specific
Setup section of this document are used for the Payables and Receivables transactions.
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Transaction Attributes 340 347 349 415 Deferred Payables Receivables
Tax Point Basis Invoice Invoice Invoice Invoice Payment
Transaction Business Category
Document Fiscal Classification
Product Type
User Defined Fiscal Classification
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 340 347 349 415 Deferred Payables Receivables
HR Locations Property Address
HR Location Land Registry
Tax Reporting Code
Tax Rule
Outside
Customer/Supplier Site 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 the fields on the invoice are in
each report section.
For Supplier transactions to be included in Modelo reporting, the 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 reported. The following are fields
populated with proper values and placed on the correct Modelo. Those individual 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 by Accounting Date or Transaction Date
(transactions are selected if any of the 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.
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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 Process is run in Final, freezing the transactions for
the period.
Turnover Report Parameters
Modelo 340
A report showing received and issued transactions: domestic transactions, some Intra-EU operations and
IGIC transactions. Some of the transactions might show up in Modelo 349 or Modelo 415 as well.
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Modelo 340 Report Parameters
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Payables Attributes
Field Modelo 340 Values
Document Fiscal Classification 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)
User-Defined Fiscal A- Invoices Summary Journal
Classification Codes
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 Modelo 340 Values
Document Fiscal Classification 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 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 A- Invoices Summary Journal
Classification Codes
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
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 tax levied on the supply of goods or services
supplied by entrepreneurs and professionals made in the Canary Islands and imports of goods in the Territory. It
has a structure and operation similar to VAT. 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.

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Payables Attributes
Field Name Parent
Transaction Business Category Modelo 347 (A) PURCHASE_TRANSACTION/INVOICE TYPE

A- Acquisitions of goods and services above PURCHASE_TRANSACTION/INVOICE
minimum amount TYPE/MOD347
G- Travel Agent Purchases PURCHASE_TRANSACTION/INVOICE
TYPE/MOD347
Modelo 347 Property Rental (A) PURCHASE_TRANSACTION/INVOICE TYPE
Modelo 415 & Modelo 347 (A) PURCHASE_TRANSACTION/INVOICE TYPE
A- Acquisitions of goods and services above PURCHASE_TRANSACTION/INVOICE TYPE/
minimum amount MOD415_347
C- Payments by mediation PURCHASE_TRANSACTION/INVOICE TYPE/
MOD415_347
D-Purchases made by public entities not PURCHASE_TRANSACTION/INVOICE TYPE/
intended for business or professional activity MOD415_347
E- Grants PURCHASE_TRANSACTION/INVOICE TYPE/

MOD415_347
G Travel Agents Purchases: Services PURCHASE_TRANSACTION/INVOICE TYPE/
rendered of traveler transportation and their MOD415_347
luggage by air travel
Modelo 415 & Modelo 347PR (A) PURCHASE_TRANSACTION/INVOICE TYPE
Field Name Parent
Transaction Business Category Modelo 347 SALES_TRANSACTION/INVOICE TYPE

B- Deliveries of goods and services above SALES_TRANSACTION/INVOICE TYPE/MOD347
minimum amount
F- Travel Agents Sales: Services documented SALES_TRANSACTION/INVOICE TYPE/MOD347
by means of issued invoices by travel
agencies
44
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 suppliers and invoice amounts with the period and
year of the correction.
45
Payables Attributes
Field Name Parent
Business Transaction Code Modelo 349 PURCHASE_TRANSACTION/INVOICE TYPE

Product Type Goods N/A
Product Type Services N/A
Field Name Parent
Business Transaction Code Modelo 349 SALES_TRANSACTION/INVOICE TYPE

Product Type Goods N/A
Product Type Services N/A
46
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.
47
Payables Attributes
Field Name Parent
Business Transaction Code Modelo 415 PURCHASE_TRANSACTION/INVOICE

TYPE
A- Acquisitions of goods and services above minimum PURCHASE_TRANSACTION/INVOICE
amount TYPE/MOD415
C- Payments by mediation PURCHASE_TRANSACTION/INVOICE

TYPE/MOD415
D-Purchases made by public entities not intended for PURCHASE_TRANSACTION/INVOICE
business or professional activity TYPE/MOD415
E- Grants PURCHASE_TRANSACTION/INVOICE
TYPE/MOD415
G Travel Agents Purchases: Services rendered of traveler PURCHASE_TRANSACTION/INVOICE
transportation and their luggage by air travel TYPE/MOD415
Field Name Parent
Business Transaction Code B- Deliveries of goods and services above minimum amount SALES_TRANSACTION/INVOICE
TYPE/MOD415
F- Travel Agents Sales: Services documented by means of SALES_TRANSACTION/INVOICE
issued invoices by travel agencies TYPE/MOD415
48
7. Appendix
Here are some useful information sources to assist with the implementation :
Oracle Enterprise Repository (Financial Report Listing)
The OER provides content relating to the report parameters and sample report output. Log in as guest
from OER first.
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 Whats New
This document contains additional information relating to this feature and other Fusion Financials
features and capabilities
Enterprise Resource Planning Release Readiness for Financials Release 9
The web site contains links to spotlights, release content documents, product documentation and
training)
Captivate Recording (link to be added at a later date when we have a recording)
Spanish reference collateral:
Title Author Location
Law Change 14/2013 Government http://www.boe.es/boe/dias/2013/09/28/pdfs/BOE-A-2013-10074.pdf

Entrepreneurial Assistance Law
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 Spain Tax Authorities http://www.agenciatributaria.es/static_files/AEAT/Contenidos_Comunes/La_
declarations 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
49

Modelo Reporting For Spain - Oracle ERP Cloud

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Fusion Financials for EMEA

1. Purpose of the document ....................................................................................................................................3

Oracle Fusion Prepare Modelo Tax Reports for Spain

Run the Turnover

2. Assumptions and Prerequisites

Defining Tax Jurisdictions

A tax for surcharges is configured for customer Modelo 349 transactions.

Task name: Manage Tax Rates

Rates to be updated include:

Offsets for Modelo 349:

ES VAT Standard Offset Rate

ES VAT STANDARD RATE

Recovery rates are needed for surcharge transactions.

Defining Tax Statuses

Defining Transaction Business Categories

MOD347 Modelo 347 SALES_TRANSACTION/INVOICE TYPE

MOD347PR Modelo 347 Property Rental SALES_TRANSACTION/INVOICE TYPE

B B- MOD347PR Deliveries of goods and services above minimum SALES_TRANSACTION/INVOICE TYPE/MOD347PR

MOD415 Modelo 415 SALES_TRANSACTION/INVOICE TYPE

F F- MOD415 Travel Agents Sales: Services documented by means of SALES_TRANSACTION/INVOICE TYPE/MOD415

MOD415_347 Modelo 415 & Modelo 347 SALES_TRANSACTION/INVOICE TYPE

B B- MOD415_347 Deliveries of goods and services above minimum SALES_TRANSACTION/INVOICE TYPE/MOD415_347

F F- MOD415_347 Travel Agents Sales: Services documented by means SALES_TRANSACTION/INVOICE TYPE/MOD415_347

B B- MOD415_347PR Deliveries of goods and services above minimum SALES_TRANSACTION/INVOICE TYPE/MOD415_347PR

F F- MOD415_347PR Travel Agents Sales: Services documented by SALES_TRANSACTION/INVOICE TYPE/MOD415_347PR

For Payables Transactions:

MOD347 Modelo 347 PURCHASE_TRANSACTION/INVOICE TYPE

E E- MOD415 Grants PURCHASE_TRANSACTION/INVOICE TYPE/MOD415

MOD415_347 Modelo 415 & Modelo 347 PURCHASE_TRANSACTION/INVOICE TYPE

C C- MOD415_347 Payments by mediation PURCHASE_TRANSACTION/INVOICE TYPE/

E E- MOD415_347Grants PURCHASE_TRANSACTION/INVOICE TYPE/

Defining Document Fiscal Classification Codes

Task name: Manage Transaction-Based fiscal Classifications

Fiscal Fiscal Classification Code Country Effective Parent

E E- Declaration of Issued Invoices Spain 1-Jan-51 MOD340

F F- Declaration of Issued Invoices IGIC Spain 1-Jan-51 MOD340

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

Defining Party Fiscal Classifications

Testing Small Spanish Customer

Billing Manage Customers

Tax Profile Tab

User-Defined Fiscal Classification Codes

Task name: Manage Transaction-Based Fiscal Classifications

User-Defined Fiscal Classification Codes are used for Modelo 340.

MOD340A A- Invoices Summary Journal Spain 1-Jan-51

MOD340B B- Tickets Summary Journal Spain 1-Jan-51

MOD340D D- Rectification Invoice 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

MOD340P P- Intracommunitary acquisitions of goods Spain 1-Jan-51

MOD340NONE None Spain 1-Jan-51

MOD340R R- Business rental transaction Spain 1-Jan-51

MOD340U U- Insurance transaction Spain 1-Jan-51

MOD340V V- Travel agency purchases Spain 1-Jan-51

MOD340Z Z: Special deferred regime Spain 1-Jan-51