Creation of taxes
The easiest way to define VAT rates is to go to the settings menu and check the ones we have.
There are tax categories that can be assigned to customers, item taxes that are assigned to items, and finally the "Taxes" menu where all of this is linked and the VAT percentage to be used in each case is reported.
There are tax categories that can be assigned to customers, item taxes that are assigned to items, and finally the "Taxes" menu where all of this is linked and the VAT percentage to be used in each case is reported.
When we start using SIF, there are some predefined taxes. We have the option to delete them all and define only the ones we need, or simply use them. To delete the predefined taxes, we must first delete the items and customers that use them.
Articles tax
Some businesses deal with items that have different VAT rates. For example, supermarkets have products taxed at 21% and others at 10%. The applicable rate depends on the type of product. You can find more information about the applicable VAT rate on the Tax Agency website .
Tax categories
Most customers will have a standard VAT rate, but some require the invoice to show a surcharge for equivalent services, or international customers may have a zero VAT rate. Here we can define the different scenarios based on the types of customers the business has.
Taxes
Finally, we will create a list with all the combinations and set the percentages to apply in each case.
If we forget to define a case, the system will still create the invoice but will not apply the tax since it will not be defined and the invoice will be incorrect.
VAT rates sometimes change; you can filter by date and the system will apply the corresponding rate. You only need to specify the dates if necessary.
If we forget to define a case, the system will still create the invoice but will not apply the tax since it will not be defined and the invoice will be incorrect.
VAT rates sometimes change; you can filter by date and the system will apply the corresponding rate. You only need to specify the dates if necessary.
Default values
When importing data, taxes may not be defined by default. In this case, the system will apply the default taxes you selected. To set a default tax, simply click the "Default" option. You can find these options under Item Taxes and Tax Categories.
Area
To simplify calculations and avoid having too many categories, we can define tax application zones. These zones allow the system to apply the correct percentage based on the customer's geographic address.
Tax settings
The Spanish Tax Agency has defined a series of tax and transaction classifications. Therefore, it is necessary to specify which classification applies when creating the tax form. This information will be used for submissions to Verifactu and also for generating electronic invoices in Facturae format.