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Product Updates 416, 415, and 414: VAT with 0% exemption can be subjected to VAT for SII (Spanish legislation)

The VAT with the 0% exemption can now be subjected to VAT for the Suministro Inmediato de Información (SII) functionality. This feature is applicable to the new and accepted sales transactions.

You can indicate that a sales transaction with the 0% exemption is subjected to VAT, by selecting the Subject to VAT option at Non-subjected VAT, under the VAT exemption section in the Immediate submission of VAT information screen (accessible via Finance ➔ VAT / Statistics ➔ Immediate submission of VAT information).

By default, the Subject to VAT option is displayed at the Non-subjected VAT field. By selecting the Subject to VAT option, the tax type of the exemption must be selected at Tax type: Exempted under the VAT exemption section, as displayed in the following screen:

In the SII submission, the exemption tax type, tax percentage and tax amounts will be presented according to the selection. An example of the submission result is as follows: