Spain Tax Codes

Tax codes determine how much tax is paid on each transaction line item. For NetSuite to calculate correct values on transaction records and tax reports, make sure that the tax codes for Spain are set up correctly.

Spain Tax Code Changes

If you are using the NetSuite International Tax Reports SuiteApp, take note of the following:

You must use the tax code properties provided by the SuiteApp. The VAT reporting feature for Spain uses Surcharge, Reduced Rate, Special Reduced Rate properties, as well as special tax categories. These are in addition to the properties that are common to all nexuses. Carefully review your current tax codes and edit them to match the settings in the Tax Code Table for Spain.
The ESSP tax code used for purchases of services from EU must have a check on the boxes for Reverse Charge Code, EC Code, and Applies to Service Items.

For more information about tax codes, see Tax Code Properties and Creating Tax Codes.

Important Things to Note

The International Tax Reports SuiteApp only supports 139 unique tax codes per tax period for each country.
You can use more than 139 tax codes for each country if these tax codes are not used in the same tax period.

Tax Code Table for Spain

The following table shows the tax properties required to correctly generate the tax reports provided by the International Tax Reports SuiteApp. The tax code names or letters presented in the table are suggested names or default system preferences. You can rename the tax codes. Tax reports identify transactions by looking at the tax code properties, not the tax code names.

On the New Tax Code or Edit Tax Code page, check the boxes of the properties that apply to the tax code. For more information about tax code properties, see Tax Code Properties.

To understand how NetSuite uses the tax codes to get the values for the Modelo 303 Quarterly VAT Return, see What goes into each box -Spain VAT report.

For information about notional rates in EU B2B transactions and VAT reports, see EU Notional VAT.

Important:

Please consult your tax agency for the correct tax rates.

Tax Code	Description	Property	Rate	Notional Rate	Available On
CA-ES	Current assets	Import Category: Current Assets	21%		Purchases
CG-ES	Capital goods	Category: Capital Goods	21%		Purchases
EIG-ES	EC investment goods	EC Code Category: Investment Goods		S-ES	Purchases
ER-ES	EU sales/purchases (goods and related services) -reduced rate	EC Code Reduced Rate		R-ES	Both (Sales and Purchases)
ES-ES	EU sales/purchases (goods and related services)	EC Code		S-ES	Both (Sales and Purchases)
ESSP-ES	Purchase of services from another EU country	EC Code Reverse Charge Code Applies to Service Items		S-ES	Purchases
ESSS-ES	Sale of services to another EU country	EC Code Applies to Service Items		S-ES	Sales
EZ-ES	EU sales/purchases -zero rate	EC Code		Z-ES	Both (Sales and Purchases)
IG-ES	Investment goods	Import Category: Investment Goods	21%		Purchases
O-ES	Sale of goods outside of EU	Export			Sales
OS-ES	Supply of services outside of EU	Export Applies to Service Items			Sales
R-ES	Reduced rate	Reduced Rate	10%		Both (Sales and Purchases)
R2-ES	Special reduced rate	Special Reduced Rate	4%		Both (Sales and Purchases)
RC-ES	Reverse charge in country	Reverse Charge Code		S-ES	Both (Sales and Purchases)
RI-ES	Regularization investments	Category: Regularization Investments	21%		Purchases
SC1-ES	Retail surcharge rate	Special Reduced Rate Surcharge	0.5%		Both (Sales and Purchases)
SC2-ES	Retail surcharge rate	Reduced Rate Surcharge	1.4%		Both (Sales and Purchases)
SC3-ES	Retail surcharge rate	Surcharge	5.2%		Both (Sales and Purchases)
S-ES	Standard rate		21%		Both (Sales and Purchases)
Z-ES	Zero rated sales		0%		Sales

Spain Tax Code Changes

Important Things to Note

Tax Code Table for Spain

Related Topics