• Spain drops the SII due date extension
  • Spain drops the SII due date extension


    The Spanish SII will enter into force on 1 July 2017 for all taxpayers irrespective of individual circumstances.

    Despite unofficial announcements of the Spanish tax authorities, there will be no individual extensions granted to those taxpayers who are late adapting their ERP system to the IT requirements of the Spanish SII. All businesses should start reporting their invoice listings electronically within eight days from the moment the invoice is issued (accounts receivable) or the invoice is booked (accounts payable). As from 2018, this period is reduced to four days.

    Last 26 May the authorities published a decree aimed at simplifying taxpayer´s compliance with the new SII obligations.However, the only remarkable measure published in this decree was the already anticipated possibility of deregistering from the monthly refund scheme in order to avoid the Spanish SII. Under the current rules, all taxpayers registered in this scheme are required to report their electronic books in real time irrespective of their size and turnover. Registering and deregistering from this scheme is only allowed during the month of November, but the authorities exceptionally opened the possibility of deregistering from this scheme before 15 June 2017.

    If your business is not ready for the Spanish SII, double check our To do list for the Spanish SII. and send us an email if you want to hear more about what actions you should take to avoid penalties.

     


    Icon home blog ca7b3ba01dfab1e0566929f5563f0e0cf92d499b0f0f8eb0a6391edf690700d7

    News

    Stay on top of all legislative changes in every European country. Our newsletter focuses on compliance practical matters. Subscribe now free of charge.


    Subscribe to our Newsletter


    About

    Icon divider short blue 9e69e640d27b9beed3775081159a67da2696a2522b67794358e861bc9bc7cc97

    Marosa provides a one-stop solution for VAT obligations in all European countries. We assist clients with a single point of contact that speaks their language and handles all VAT related issues with a standard and cost efficient approach.


    Recent articles

    Icon divider short blue 9e69e640d27b9beed3775081159a67da2696a2522b67794358e861bc9bc7cc97


    Tags

    Icon divider short blue 9e69e640d27b9beed3775081159a67da2696a2522b67794358e861bc9bc7cc97

    Austria Archiving Belarus Bulgaria Cyprus Estonia France Germany Greece Hungary Ireland Spain Financial services Belgium VAT rates e-commerce Italy Kosovo Latvia Lithuania Poland Serbia Slovakia Slovenia UK European Union Czech Republic Reverse charge Russia Switzerland Denmark Finland Portugal Norway Sweden Luxembourg The Netherlands Croatia Romania Iceland Malta