Spanish companies must submit (Value-Added Tax) VAT declarations to the Spanish tax authorities. VAT transactions must be listed in periodic reports and included in the appropriate VAT book, such as VAT receivable, VAT payable, and capital allowance.

Use the Spanish VAT books form to create VAT book types and assign sales tax codes to the VAT books.

1. Click General ledger> Setup> Sales tax> External> Spanish VAT books .

2. Enter a VAT book and description.

3. Select the VAT book type from the following options.

   • Sales tax receivable

   • Sales tax payable

   • Capital allowance

4. Select a number sequence code.

5. On the Setuptab, you can select a sales tax code. The sales tax code that you select determines the VAT book that VAT transactions are in. You also can select an equivalence charge code, which is a Spanish sales tax.