Spain SII (Immediate Information Supply) update
- Mar 2, 2018 | Richard Asquith
The Spanish regime for near-live reporting of invoices, SII (Immediate Information Supply), is to be modified from 1 July 2018.
The system was first introduced on 1 July 2017, requiring all large-sized (over €6million turnover per annum) VAT registered businesses to e-report invoices within 4 days of their issuance.
The changes include:
- Provision for companies which has still not established their large-sized status with the tax authorities. This includes a unique stamp for their data to indicated reporting requirements are not yet established with the tax authorities
- An additional code will be available to indicate invoices that exceed the threshold
Need a fiscal representative in Spain?
Non-EU businesses selling in Spain will need to appoint a fiscal representative alongside completing VAT registration and returns.
Fiscal representatives are responsible for the accurate VAT submissions of their non-EU clients.
Avalara offers a Fiscal Representative Service as part of its international VAT and GST Registration and Returns Service.
Need help with your Spanish VAT compliance?
Researching Spanish VAT legislation is the first step to understanding your VAT compliance needs. Avalara has a range of solutions that can help your business depending on where and how you trade.