buscar

Technology Update
Our present is the best guarantee for the future

Real time VAT compliance system to be mandatory in Spain in July 2017

21/03/2017

El sistema de Suministro inmediato de la Información SII será obligatorio en julio de 2017

More than 62,000 Spanish businesses will be required to adapt to the new mandatory Immediate Information Sharing system (SII) as of July 2017. Rollout of this VAT compliance model, which proposes electronic bookkeeping of Value Added Tax (VAT) ledgers, was initially scheduled for next January. However, the absence of Government delayed implementation for another year.

The main new feature of electronic VAT bookkeeping is that the tax will now be declared to the Tax Agency (AEAT) in almost real-time. In fact, the legislation requires companies to present and declare the details of their invoices issued and received within a period which should not exceed 4 calendar days. This period will only be extended when the invoices have been issued by the recipient or by an accredited third-party, such as EDICOM. In these cases, the deadline will be 8 calendar days.

Another of the big changes due to come with SII will be the simplification of tax compliance, as already occurred with e-invoicing. With this system, companies are limited to filing tax self-assessments. And models 347, 340 and 390, previously used to declare information, will no longer be necessary.

As a new feature, during the first six months of SII operation, taxpayers will have an extraordinary term for submitting their information, which will be eight days. When this period expires, the deadline for submitting the information to the AEAT will be 4 days.

Businesses with turnover of over 6,010,121.04 euros classified as Large Companies, those listed in the monthly return regime (REDEME) and those belonging to VAT groups, will have just over 6 months to adjust to this new model, which poses a challenge in the technological adaptation of their internal management systems and connectivity with the AEAT electronic office. In this sense, it is important to start the migration process as soon as possible, as failure to comply with the obligation by the deadline set may incur penalties.

Download our White Paper

To find out all the details of this system, download our White Paper on electronic VAT bookkeeping through the SII, which has detailed explanations of how VAT electronic bookkeeping works and the changes it entails for businesses.

EDICOM leading SII pilot project

In 2017, the AEAT will resume trials of the SII pilot project, with EDICOM playing a proactive role as international expert in developing data integration and e-invoicing systems. So much so, that we have already been working to adapt our solutions to the new requirements affecting electronic VAT management, to ensure secure connectivity with the AEAT electronic office.

The EDICOM SII Solution is integrated with the company ERP or internal management system to automate sending of data to the Tax Agency. This information is forwarded in the set XML format to the SII via web services through the EDICOM Public Administrations HUB. When the AEAT Agency receives data, it validates and returns one of these states: full acceptance, partial acceptance or total rejection. These responses, which may also be integrated in the ERP, are stored along with the original books sent to the AEAT in the EDICOMLta long-term safekeeping service, which is designed to provide responses to the particular features of IIS, with a personalized viewer that lets you retrieve a replica of the VAT books kept in the la AEAT electronic office.

Would you like to find out more?


Ask for information.

Tags

Cloud Computing B2B Cloud Platform EDI ASP-SaaS e-Invoicing GDSN VMI VAN OFTP2 AS2 Certification Authority Digital Signature Outsourcing SLA Software EDICOM Events Expert Chat SaaS-ASP Corporate Information GS1 CFDI PAC APP Associated Facturae Data Sync NOM151 partners EDICOM Retail public administrations Acreditations Web Portal EDI NF-e einvoicing Partner Web Portal SAP EDI Health Edicomdata CRP EBI ei Payroll Portal B2B EDICOMNet edi logistics SAFT-PT Ticket Portal Avaluos business@mail EDI Manufacturers CT-e NFS-e TSD epayrolls factura electronica edi automotive customer support center comprobante de pago CAE e-billing DTE e-awb comprobantes fiscales electrónicos nfc-e eaccounting contabilidad electronica CFE comprobante fiscal electronico compliance eAWB retenciones electronicas xml-cargo peppol edicom air iata e-cargo IVA Cargo-XML EDICOMAir SUNAT Perú SEE Business Mail Payrolls recibos de sueldo EDI Auto b2g eprocurement datapool panama sii PCRDD SII AEAT NHS edi academy comercio exterior EDICOM LTA sat paperless mmog OFTP EDI Web colombia CFDI Nóminas DIAN México SAF-T VAT DESADV ASN Fatture B2B Costa Rica Complemento pagos Chorus Pro moda interoperabilidad Cancelación suministro inmediato de información european union digitalización emisión electrónica openpeppol global einvoicing factura electrónica ecuador automotive industry United States and Mexico edicom sii norway VAT compliance tax administration air freight sector UNCTAD aviso de expedición Advanced Shipped Notice Despatch Advice data synchronization peppol network peppol standards peppol european union chile tendencias interoperability interconexión SINTEL Brasil interoperabilidade foreign trade e-procurement trends digitization digital transformation SaaS edicomsii MMOG/LE latam global einvociing cybersecurity EDI financeiro white paper factura electrónica colombia fintech fashion eIDAS e-archiving ebimap SME EDICOMLta e-commerce EDI financiero russia fattura b2b B2B e-Invoicing GDPR RTIR FACe FACeB2B portugal blockchain

Follow us on

  • linkedin
  • rss