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How to setup Invoices Tax code for Barcelona, Kingdom of Spain?
Updated on October 19, 2016 06:47AM by Admin
Users in Barcelona, Kingdom of Spain can easily set up their online invoices to charge for the sales/services taxes. In Barcelona businesses are required to charge IVA (VAT) taxes on all products/services they sell. In Apptivo, you can use our single rate tax code calculator to make these tax rates available for use when creating invoices.
The tax code followed in Barcelona, Kingdom of Spain
The IVA (VAT), is a form of consumption tax and it is collected at the standard rate of 21% on most supplies of goods and services. While a reduced rate of 10% is applied to Transport, exhibitions, sporting events and super – reduced rate of 4% levied on Books, magazine, medicine etc.
Reference: IVA - Value Added Tax (VAT) rates of Barcelona, Kingdom of Spain is referred from Advoco (Spanish Tax) and Wikipedia web sites.
Steps to Configure Taxes on Invoices App Settings
- Log in and access Invoices App from your universal navigation menu bar.
- Click on “More” icon and select "Settings" located in the app header bar.
- Click on “Invoice” and select "Taxes" from left navigation panel.
- Click “Single Rate Taxes” on taxation.
- Click on “Create” button to create a single rate tax.
- Provide the following:
- Tax Code – Code of the tax.
- Tax Rate Type – Select a type either fixed or percentage.
- Tax Rate – Rate of the tax (percentage or amount).
- Print Label – Name of the tax.
- Click on “Create” button to complete.
- You can view the created single rate tax code in a list.
- By default, the created single rate tax will be in enabled mode.
- You can proceed creating a new invoice with the above settings.
- You can either E-mail an invoice with PDF attachment or manually print invoice to the customer.
- You can view the invoice Tax code items subtotals on PDF format.
- You can capture the tax code at invoice header level and line level.