Tax Agency: Frequently Asked Questions. General issues

Both may coincide unless, among other situations, when the deduction will be carried out in a different settlement period to the one in which the invoice is received within the four years following the accrual.

The transactions included and their corresponding codes are:

The transaction recipient shall record the details of the invoiced received in the "Taxpayer Investment" field. The tax liability corresponding to the said invoice should be calculated and stated in the "Tax Deductible" field. No recordings shall be made in the Issued Invoices Record Book.

The invoice received from the EU supplier will be recorded in the Received Invoices Record Book and identified with a number 2 in the "IDType" field and the Intra-Community Operator Number in the "ID" field. The "CountryCode" field is not mandatory.

In the field "Special regime code or Importance" the value of 09 is stated. Furthermore, the tax liability corresponding to the said invoice should be calculated and stated in the "Tax Deductible" field.

In these cases, it should not be reported with the “Investment Taxable Subject” field, which is only used when the declarant is a taxable subject of the Tax in accordance with the provisions of articles 84.One.2 and 4 of the VAT Law, as long as they have their origin in operations other than intra-community acquisitions of goods and services. 

No recordings shall be made in the Issued Invoices Record Book.

The operation is recorded in the Received Invoices Record Book with invoice type code "F5". The reference number that appears on the SAD or on the H7 and the date of its acceptance by the Customs Administration, respectively, must be entered as the invoice number and date of issue.

The format of the SAD identification number is as follows:

AA: last two digits of the year of capture of the DUA

PP: Country of the SAD (any IS code, not just Spain)

00RRRR: presentation venue

AAAAAAA: “sequential numbering” within the presentation area.

D: validation digit.

The format of an H7 ID number is as follows:

AAESH7xaaaaaaaaaRD.

AA:  last two digits of the year of capture of the DUA

IS : fixed ES.

H7x:  Customs declaration (currently only the x, but can be any letter or number)

aaaaaaaaa:  sequential numbering, using letters (not Ñ,O) and numbers (0..9

A:  declaration type.

D:  control digit.

Furthermore, the invoice details (type, gross tax base and tax paid) should be stated and the "Tax Deductible" field filled in.

Under Supplier identification details, enter the details for the importer and record book holder.

In supplying the data corresponding to the imports the following clarifications should be taken into account:

• The declared "Gross Tax Base" will be the Customs Value of the merchandise, plus any other duties levied outside the territory of application, plus any import duties and any supplementary charges which do not form part of the Customs Value and are generated up to the first destination within the EU (Gross Tax Base, box 47 SAD).
•  
  Under "Tax Liability" state the amount of tax payable.

Expenses subsequent to the admission of the SAD not included in the taxable base of the VAT on import will give rise to the registration of separate invoices. The only part of the forwarding agent's invoice which will be registered will be that corresponding to the provision of its service (not the amount of VAT on the import required from the customer as advanced payment).

Having registered a SAD, it is not necessary to register the foreign supplier's invoice, unless it is received in advance. When sending the details of this invoice, enter "F6" as invoice type code and “special regime code” in the Book of Invoices Received Book code 13 “Invoice corresponding to an import (recorded not associated to a SAD); do not fill in the field "Amount paid" in the section "Breakdown" and enter “0” in the field "Deductible amount".

Example: an import operation is carried out via the Customs of Barcelona. issuing the following invoices:

1.- US Supplier's Invoice, with base USD 10,000, corresponding to €6,719.55.
2.- National Supplier's Invoice, with the following amounts:

- Base of the Import paid at Customs (Box 47 SAD).............. 7,250.00 €
-Supplier invoice................................6,719.55€
-Other concepts(1)................................ 530.45€
-Exempt service of the freight forwarder (2)........... €300.00

(1) Duties, supplementary charges, etc. generated until reaching the first destination point in the interior of the Community.
(2) Article 64 Value Added Tax Act (LIVA)

- Import VAT liability......................... 1,522.50 €
- Basis for the provision of Freight Forwarder services ......................... 500,00 €
- Installment ....................................................................................... €105.00

The following notes should be made in the Received Invoices Record Book:

1. The SAD, entering as identification number the reference number, tax base €7,250 and tax liability €1,522.50. (The foreign supplier's invoice will not be registered).

2. The forwarding agent's invoice, consigning only the provision of services subject and not exempt with a tax base of €500 and a tax liability of €105.

Items invoiced by the forwarding agent that correspond to substituted amounts or payments made payable by the importer shall not be sent.

When VAT is settled through form 380, the operation will not be registered in the SII. 

When VAT is settled with the SAD, the transaction will be recorded in the Record Book of Received Invoices with the invoice type code “F5”. The invoice number and date of issue must be entered as the reference number that appears on the SAD itself and the date of its acceptance by the Customs Administration, respectively. Furthermore, the SAD will be registered when it is a goods import that is exempt, due to being linked to a warehousing arrangement other than customs warehousing.

The declared Tax Base will be the Customs Value of the merchandise, plus any other duties levied outside the territory of application, plus any import duties and any supplementary charges which do not form part of the Customs Value and are generated until reaching the first destination point in the interior of the community (Tax Base, box 47 SAD).

The Tax Quota will be indicated as the amount to be paid indicated in the SAD, being zero in the case that the import is exempt.

Yes. If a pro rata is applied, the deductible VAT amount should be stated based on the percentage of the provisional deduction.

The issuer of the receipt shall record it in the Record Book of Received Invoices with invoice type "F6" and the Special regime or importance code "02". The "Tax base" stated shall be the basis on which the calculation is calculated and for the "Total amount of the invoice" the total amount of the compensation shall be stated. The fields "Tax rate" and "tax amount" shall be left blank and the fields "compensation percentage" and "compensation amount" shall be filled in; the deductible amount entered shall be the compensation amount.

The fiscal year and period of receipt for the registered invoice, which simultaneously allow for the deduction to take place.

Example 1: Business A sells goods to business B on 26 September 2017. Business A issues the invoice on 2 October. Business B receives the invoice on 6 October and proceeds with its accounting record on 10 October.
Business B shall send records of the invoice on 23 October and shall enter in the Record Book of issued invoices, Fiscal year: 2017, Period: 10.

Example 2: Business A sells goods to business B on 26 September 2017. Business A issues the invoice on 27 September. Business B receives the invoice in 30 September and proceeds with its accounting record on 10 October.

There are two possibilities:

1. Businessperson B will submit the invoice records on 16 October, indicating in the Record Book of invoices received, Fiscal year: 2017, Period: 09.
2. Business B shall send records of the invoice on 23 October and shall enter in the Record Book of issued invoices, Fiscal year: 2017, Period: 10.
   • It is important to take into account that the calculation of the eight calendar day terms exclude Saturdays, Sundays and national holidays. If the deadline of the 15th day of the month following deduction is a Saturday, Sunday or national holiday, it shall be transferred to the following business day

In the case of amended invoices, enter the fiscal year and the tax period in which the amendment of the initial deduction is made, in accordance with the previsions of article 114 of the Value Added Tax Act.

Information on the pro-rata percentage applicable is shown on form 303 or 322. However, the following must be considered with regard to the SII: 

• the "deductible tax liability" field will be calculated by applying the provisional pro-rata.

• In the case of investment goods, information on adjustments from the Record book for investment goods shall be supplied annually. 

Yes, taking into account that in the fields corresponding to the invoice amount it is only necessary to enter the “Taxable Base” and indicate “deductible rate” zero.

Yes, taking into account that in the fields corresponding to the invoice amount it is only necessary to enter the “Taxable base” and indicate “deductible rate” zero. 

It includes two types of documents:

• Any document that supports the book entry of the operation when the person who carries out the operation is an employer or professional not established in the Community (art. 2.4 Invoicing regulation).
• Documents that are not considered invoices but which are eligible for the deduction. These will be recorded with the number assigned, which are not held by the owner of the Book, which cannot be the same as another already provided with the same date and issuer.

Examples: public deed of sale of property when no invoice has been issued, receipts for agricultural, forestry or fishing compensation referred to in art. 16.1 of the Billing Regulations. 

No, because this type of receipt is not deemed to be an invoice. 

No, because this type of receipt is not deemed to be an invoice. 

In the case of invoices received, this is an optional field.

However, in those cases where the invoice received is a corrective invoice for substitution, and it not only reports the correct amounts after the correction, but also the corrected amounts, and the latter are different from zero, this detail must be reported in the register.

Examples of corrective invoices for replacement

Example 1. Reduction of VAT paid

Option 1: A corrective invoice is received for replacement with the following information: taxable base €800, transferred rate €168, corrected tax base €1,000, corrected rate €210.

The fields and keys to be entered in the Record Book of Received Invoices are:
Communication Type: A0
Type of Invoice: Rx
Type of Correction: S
Amount of Correction: Two additional fields will be reported with “the corrected base” (1,000) and the “corrected quota” (210).
Total amount: the final valid amount of 968 shall be stated.
VAT Breakdown: gross tax base: 800, supported quota 168, deductible quota 168.

Option 2: The above rectification is carried out by the issuer through two invoices. An invoice is received with a taxable base of -€1000 and a corrective invoice indicating that the taxable base is €800.

In the first invoice, the fields and keys to be entered in the Record Book of Received Invoices are:

Communication Type: A0
Type of Invoice: F1
VAT breakdown: gross tax base: (-1,000), supported quota (-210), deductible quota
(-210).

In the second of the corrective invoices, the fields and keys to be entered in the Record Book of Received Invoices are:

Communication Type: A0
Type of Invoice: Rx
Rectifying Type: S
Amount of Correction: two additional fields will be filled in with "rectified tax base" 0 and "rectified tax liability" 0.
Total amount: the final amount valid 968 will be given
VAT breakdown: gross tax base: 800, supported quota 168, deductible quota 168.

If this last invoice is not recorded as a corrective invoice:

Communication Type: A0
Type of Invoice: F1
VAT breakdown: gross tax base: 800, supported quota 168, deductible quota 168.

Example 2: Input VAT increase

Option 1: A corrective invoice is received for replacement with the following information: taxable base €1,200, transferred rate €252, corrected taxable base €1,000, corrected rate €210.

The fields and keys to be entered in the Record Book of Received Invoices are:

Communication Type: A0
Type of Invoice: Rx
Type of Correction: S
Amount of Correction: Two additional fields will be reported with “the corrected base” (1,000) and the “corrected quota” (210).
Total amount: the final valid amount 1,452 will be indicated.
VAT Breakdown: gross tax base: 1,200, supported quota 252, deductible quota 252.

Option 2: The above rectification is carried out by the issuer through two invoices. An invoice is received with a taxable base of -€1,000 and a corrective invoice indicating that the taxable base is €1,200.

In the first invoice, the fields and keys to be entered in the Record Book of Received Invoices are:

Communication Type: A0
Type of Invoice: F1
VAT breakdown: gross tax base: (-1.000)
supported quota -210, deductible quota -210

In the second of the corrective invoices, the fields and keys to be entered in the Record Book of Received Invoices are:

Communication Type: A0
Type of Invoice: Rx
Type of Correction: S
Amount of Correction: two additional fields will be filled in with "rectified tax base" 0 and "rectified tax liability" 0.
Total amount: the valid final amount will be indicated 1,452
VAT breakdown: gross tax base: 1,200, supported quota 252, deductible quota 252.

If this last invoice is not recorded as a corrective invoice:

Communication Type: A0
Type of Invoice: F1
VAT breakdown: gross tax base: 1,200, supported quota 252, deductible quota 252.

Example 3: Reduction of input VAT due to non-payment

Option 1: A corrective invoice is received for replacement with the following information: taxable base €1,000, transferred rate €0, corrected taxable base €1,000, corrected rate €210.

The fields and keys to be entered in the Record Book of Received Invoices are:

Communication Type: A0
Type of Invoice: R2 / R3
Corrective Type: S
Amount of Correction: Two additional fields will be reported with “rectified base” 1,000 and “rectified quota” 210.
Total amount: the final valid amount 1,000 will be indicated.
VAT Breakdown: gross tax base: 1,000, supported quota 0, deductible quota 0.

Option 2 : The above rectification is carried out by the issuer through two invoices. An invoice is received with a taxable base of -€1,000, rate -210 and a corrective invoice indicating that the taxable base is €1,000 and the rate 0.

In the first invoice, the fields and keys to be entered in the Record Book of Received Invoices are:

Communication Type: A0
Type of Invoice: F1
VAT breakdown: gross tax base: (-1.000)
supported quota -210, deductible quota -210

In the second of the corrective invoices, the fields and keys to be entered in the Record Book of Received Invoices are:

Communication Type: A0
Type of Invoice: R2 / R3
Corrective Type: S
Amount of Correction: two additional fields will be filled in with "rectified tax base" 0 and "rectified tax liability" 0.
Total amount: the valid final amount will be indicated 1,000
VAT breakdown: gross tax base: 1,000, supported quota 0, deductible quota 0.

If this last invoice is not recorded as a corrective invoice:

Communication Type: A0
Type of Invoice: F1
VAT breakdown: gross tax base: 1,000, supported quota 0, deductible quota 0.

Example 4: Correction of previous corrective invoice: input VAT increase.

Option 1 : A corrective invoice is received for replacement with the following information: taxable base -€800, transferred quota -€168, corrected tax base -€1,000, corrected quota -€210.

The fields and keys to be entered in the Record Book of Received Invoices are:

Communication Type: A0
Type of Invoice: R4
Type of Correction: S
Amount of Correction: Two additional fields will be reported with “the corrected base” (-1,000) and the “corrected quota” (-210).
Total amount: the final valid amount (-968) will be indicated.
VAT Breakdown: gross tax base: -800, supported quota (-168), deductible quota (-168).

Option 2 : The above rectification is carried out by the issuer through two invoices. An invoice is received with a taxable base of €1,000, a passed-on quota of €210, and a corrective invoice indicating that the taxable base is -€800 and the quota is -€168.

In the first invoice, the fields and keys to be entered in the Record Book of Received Invoices are:

Communication Type: A0
Type of Invoice: F1
VAT breakdown: gross tax base: 1,000, supported quota 210, deductible quota 210.

In the second of the corrective invoices, the fields and keys to be entered in the Record Book of Received Invoices are:

Communication Type: A0
Type of Invoice: R4
Type of Correction: S
Amount of Correction: two additional fields will be filled in with "rectified tax base" 0 and "rectified tax liability" 0.
Total amount: the valid final amount will be indicated (-968)
VAT breakdown: taxable base: (-800), supported quota (-168), deductible quota
(-168).

If this last invoice is not recorded as a corrective invoice:

Communication Type: A0
Type of Invoice: F1
VAT breakdown: taxable base: (-800), supported quota (-168), deductible quota
(-168).

Example 5: Correction of previous corrective invoice: input VAT reduction.

Option 1 : A corrective invoice is received for replacement with the following information: taxable base -€1,200, transferred quota -€252, corrected taxable base -€1,000, corrected quota -€210.

The fields and keys to be entered in the Record Book of Received Invoices are:

Communication Type: A0
Type of Invoice: R4
Type of Correction: S
Amount of Correction: Two additional fields will be reported with “the corrected base” (-1,000) and the “corrected quota” (-210).
Total amount: the final valid amount (-1,452) will be indicated.
VAT Breakdown: gross tax base: (-1,200), supported quota (-252), deductible quota
(-252).

Option 2 : The above rectification is carried out by the issuer through two invoices. An invoice is received with a taxable base of €1,000, a passed-on quota of €210, and a corrective invoice indicating that the taxable base is -€1,200 and the quota is -€252.

In the first invoice, the fields and keys to be entered in the Record Book of Received Invoices are:

Communication Type: A0
Type of Invoice: F1
VAT breakdown: gross tax base: 1,000, supported quota 210, deductible quota 210.

In the second of the corrective invoices, the fields and keys to be entered in the Record Book of Received Invoices are:

Communication Type: A0
Type of Invoice: R4
Type of Correction: S
Amount of Correction: two additional fields will be filled in with "rectified tax base" 0 and "rectified tax liability" 0.
Total amount: the final valid amount (-1,452) will be indicated.
VAT Breakdown: gross tax base: (-1,200), supported quota (-252), deductible quota
(-252).

If this last invoice is not recorded as a corrective invoice:

Communication Type: A0
Type of Invoice: F1
VAT breakdown: taxable base: (-1,200), supported quota (-252), deductible quota
(-252).

Example 6: Correction of a previous corrective invoice with a negative amount: input VAT increase up to a positive amount.

Option 1: A corrective invoice is received for replacement with the following information: taxable base €500, transferred quota €105, corrected tax base -€1,000, corrected quota -€210.

The fields and keys to be entered in the Record Book of Received Invoices are:

Communication Type: A0
Type of Invoice: R4
Type of Correction: S
Amount of Correction: Two additional fields will be reported with “the corrected base” (-1,000) and the “corrected quota” (-210).
Total amount: the final valid amount 605 will be indicated.
VAT Breakdown: gross tax base: 500, supported quota 105, deductible quota 105.

Option 2: The above rectification is carried out by the issuer through two invoices. An invoice is received with a taxable base of €1,000, a passed-on quota of €210 and a corrective invoice indicating that the taxable base is €500 and the quota is €105.

In the first invoice, the fields and keys to be entered in the Record Book of Received Invoices are:

Communication Type: A0
Type of Invoice: F1
VAT breakdown: gross tax base: 1,000, supported quota 210, deductible quota 210.

In the second of the corrective invoices, the fields and keys to be entered in the Record Book of Received Invoices are:

Communication Type: A0
Type of Invoice: R4
Type of Correction: S
Amount of Correction: two additional fields will be filled in with "rectified tax base" 0 and "rectified tax liability" 0.
Total amount: the final valid amount 605 will be indicated.
VAT Breakdown: gross tax base: 500, supported quota 105, deductible quota 105.

If this last invoice is not recorded as a corrective invoice:

Communication Type: A0
Type of Invoice: F1
VAT breakdown: gross tax base: 500, supported quota 105, deductible quota 105.

Example 7: Reduction in partially deductible input VAT.

Option 1: A corrective invoice is received for replacement with the following information: taxable base €800, transferred rate €168, corrected tax base €1,000, corrected rate €210. The deductible VAT is 50% of the tax paid.

The fields and keys to be entered in the Record Book of Received Invoices are:
Communication Type: A0
Type of Invoice: Rx
Type of Correction: S
Amount of Correction: Two additional fields will be reported with “the corrected base” (1,000) and the “corrected quota” (105).
Total amount: the final valid amount of 968 shall be stated.
VAT Breakdown: gross tax base: 800, supported quota 168, deductible quota (84).

When the degree of affectation is different from 100%, the initial deductible fee must be entered in the corrected quota field: 210 x 50% = 105

Option 2: The above rectification is carried out by the issuer through two invoices. An invoice is received with a taxable base of -€1000 and a corrective invoice indicating that the taxable base is €800.

In the first invoice, the fields and keys to be entered in the Record Book of Received Invoices are:

Communication Type: A0
Type of Invoice: F1
VAT breakdown: gross tax base: (-1,000), supported quota (-210), deductible quota
(-105).

In the deductible quota field, the amount of the quota borne multiplied by the deductibility percentage must be entered, in this case, (- 210) x 50%.

In the second of the corrective invoices, the fields and keys to be entered in the Record Book of Received Invoices are:

Communication Type: A0
Type of Invoice: Rx
Rectifying Type: S
Amount of Correction: two additional fields will be filled in with "rectified tax base" 0 and "rectified tax liability" 0.
Total amount: the final amount valid 968 will be given
VAT breakdown: gross tax base: 800, supported quota 168, deductible quota 84.

If this last invoice is not recorded as a corrective invoice:

Communication Type: A0
Type of Invoice: F1
VAT breakdown: gross tax base: 800, supported quota 168, deductible quota 84.

In the deductible quota field, the amount of the quota borne multiplied by the deductibility percentage must be entered, in this case, 168 x 50%.

Examples of corrective invoices for differences

Example 1. Reduction of VAT paid

A corrective invoice is received for differences with the following data: taxable base -€200, passed-on tax -€42.

The fields and keys to be entered in the Record Book of Received Invoices are:
Communication Type: A0
Type of Invoice: Rx
Type of Correction: I
Total amount: the total amount of the correction will be indicated (-242).
VAT Breakdown: gross tax base: (-200), supported quota (– 42), deductible quota
(-42).

If this invoice is not registered as a corrective invoice:

Communication Type: A0
Type of Invoice: F1
VAT breakdown: gross tax base: (-200), supported quota (- 42), deductible quota (-42).

Example 2: Input VAT increase

A corrective invoice is received for differences with the following data: taxable base €200, passed-on rate €42.

The fields and keys to be entered in the Record Book of Received Invoices are:

Communication Type: A0
Type of Invoice: Rx
Type of Correction: I
Total amount: the total amount of the correction will be indicated 242.
VAT Breakdown: gross tax base: 200, supported quota 42, deductible quota 42.

If this last invoice is not recorded as a corrective invoice:

Communication Type: A0
Type of Invoice: F1
VAT breakdown: gross tax base: 200, supported quota 42, deductible quota 42.

Example 3: Reduction of input VAT due to non-payment

A corrective invoice is received for differences with the following data: taxable base €0, passed-on rate -€210.

The fields and keys to be entered in the Record Book of Received Invoices are:

Communication Type: A0
Type of Invoice: R2 / R3
Corrective Type: I
Total amount: the total amount of the correction will be indicated (-210).
VAT Breakdown: gross tax base: 0, supported quota (-210), deductible quota (-210).

If this last invoice is not recorded as a corrective invoice:

Communication Type: A0
Type of Invoice: F1
VAT breakdown: gross tax base: 0, supported quota (-210), deductible quota (-210).

Example 4: Reduction in partially deductible input VAT.

A corrective invoice is received for differences with the following data: taxable base -€200, passed-on tax -€42. The deductible VAT is 50% of the tax paid.

The fields and keys to be entered in the Record Book of Received Invoices are:
Communication Type: A0
Type of Invoice: Rx
Type of Correction: I
Total amount: the total amount of the correction will be indicated (-242).
VAT Breakdown: gross tax base: (-200), supported quota (– 42), deductible quota
(-21).

If this invoice is not registered as a corrective invoice:

Communication Type: A0
Type of Invoice: F1
VAT breakdown: gross tax base: (-200), supported quota (- 42), deductible quota (-21).

In the deductible quota field, the amount of correction of the supported quota multiplied by the deductibility percentage must be entered, in this case, (- 42) x 50%.

In the case of invoices received, this is an optional field.

• The invoices are received on the same date.

• They are issued by a single supplier

• The total amount of the transactions, VAT not included, does not exceed 6,000 euros

• The amount of the documented transactions in each invoice does not exceed 500 euros, VAT not included.

Normally it is not necessary. By checking codes “F2", "F4" (entry summary of simplified invoices) and "R5" (optional), it will only be mandatory to fill out the tax rate and of one of the two following fields: gross tax base or total amount. If you only provide the total amount, the gross tax base must state a zero value.

If various tax rates exist in the breakdown of the subject and non-exempt transaction, it is mandatory to provide the gross tax base and the tax rate.

The system allows the combination of the following codes: 

Code 07 (Cash basis) must always be the first code to provide.

Code 05 (Travel agencies) must be the first code to provide unless it concurs with code 07 (Cash system).

Code 06 (Special regime Business Groups in VAT-advanced level) must be the first code to provide when it concurs with code 12.

Code 03 (Special regime for used goods, objects of art, antiques and collectors' items) should be the first code stated when concurring with code 01.

This combination will not involve a breakdown of amounts for each of the codes. However, it will involve taking into consideration the different additional fields that must be provided taking into account each of these.

Key 09 (Intra-Community acquisitions of goods and services) must be the first key to be reported when it occurs with key 01.

The recipient must register the invoice with code F1 and assign a sequential number that cannot be the same to another one that has already been reported with the same date and issuer.

The recipient must register the invoice with code F1 and assign a sequential number that cannot be the same to another one that has already been reported with the same date and issuer.

Each of the SADs with code F5 must be registered as well as their corresponding dates of acceptance, however if the SADs are registered on the same date for accounting purposes, the period for their provision will be the same, as they can all be completed at the same time.

This code will be used to identify amendments in customs declarations that are supplementary assessments of VAT on imports. The invoice number will be the settlement identification number (starting with LC, QZC, QRC, A01 or A02).

These amounts may be the object of deferral in the self-assessment of the Tax (if you have opted for the deferral of VAT on imports) and these may also generate the right to deduction. 

The rectified SAD will be registered with its new single code, where only the issue date is modified (date of admission of the rectified SAD). The gross tax base, input, deductible amount and total amount will be entered by the difference between the correct and modified amounts and those registered with the initial SAD.

It is not compulsory. The "Investment Good" field is optional in all cases.

The fields "To be deducted in a subsequent period", "Deduction year" and "Deduction period", which are optional in all cases, must only be completed when the deductible incurred quotas are deducted in a period after that indicated in the "Settlement period" block. The "Deduction Year" and "Deduction Period" fields will be completed indicating the year and period in which the right to the deduction will be exercised.