How to setup Spain's tax equivalence surcharge?

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Posted on by Daniel Moule

Hi All,

Does anyone have experience with setting up the "recargo de equivalencia" for Spanish companies in D365FO? This equivalence surcharge is a type of extra tax paid along with the standard Sales tax in Spain (paid by some types of customers).

Thanks and Regards!

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huijij 19,813 on at

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Hi Daniel,

You can first create sales tax codes to keep a separate VAT accounting for Equivalence surcharge on the advance VAT declaration. Additionally, in the application-specific parameters of the Electronic reporting (ER) format for the advance VAT declaration, associate sales tax codes with the lookup result of the lookups for the boxes on the VAT declaration.Go to Tax > Setup > Sales tax > Spanish VAT books,Select a sales tax code for equivalence charge, if equivalence charge is applicable.learn.microsoft.com/.../emea-esp-vat-declaration-spain

learn.microsoft.com/.../emea-esp-report-340

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Daniel Moule on at

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Thanks for your answer, Judy!

So, in we should have both Sales tax codes for the standard VAT plus codes for the Equivalence surcharge? The products which could be subject to the Equivalence surcharge would have both codes associated with them. Just trying to picture how it would work.

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