Product Update 399: Changes to Value-Added Tax (VAT) Percentages (Spanish Legislation)
As of 1 July 2010, there are changes to the value-added tax (VAT) percentages in Spain. The general type VAT will increase from 16% to 18% whereas the reduced type VAT will increase from 7% to 8%.
With these changes to the VAT percentage, the following has been implemented at VAT return:
- If box 01 = 0
then box 02 = 18
else box 02 = (box 03 x 100) / box 01
- If box 04 = 0
then box 05 = 8
else box 05 = (box 06 x 100) / box 04
Note: This change is applicable if you enter a date on or after August 2010 at Date in the Entry section. This is because the system will no longer base the VAT on the values at Frequency and Period in the Return period section.
| Main Category: |
Support Product Know How |
Document Type: |
Release notes detail |
| Category: |
Release Notes |
Security level: |
All - 0 |
| Sub category: |
Details |
Document ID: |
20.850.268 |
| Assortment: |
Exact Globe
|
Date: |
11-05-2017 |
| Release: |
397 |
Attachment: |
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| Disclaimer |