Marosa developped a solution to comply with the Spanish SII during those first weeks of July in which your ERP system is not yet ready.
Despite announcements to postpone the deadline , the authorities decided to keep 1 July as the only due date for businesses to start reporting automatic data from their systems to the tax authorities´ database. Many companies need to coordinate diverse teams in different countries, hence increasing the length of this project and requiring longer time to implement changes.
At Marosa we developed an interim solution for all those...Read more
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...Read more
The Spanish authorities are expected to allow individual extensions of the 1 July deadline on SII obligations. This announcement is not official and has not been confirmed, so in Marosa we are working on the basis of no possible extensions to the current calendar. There are also important changes on the content and data requirements.
For those who did not start with the SII work yet, you can read about actions required in our To do list for Spanish SII . If you want to know more about the basics of this obligation, you can read our earlier announcement of the SII .
Hopefully, your business is already aware of the new real-time reporting obligation in Spain. Most companies impacted are adapting their ERP systems to make sure they meet the 1 July deadline. However, we noticed that many businesses are not planning any changes beyond the XML file sent to the tax authorities. To avoid last minute surprises, here is what we believe you should be doing.
This is a review of your processes in view of the new obligation. In this phase, we propose a list of questions aimed at identifying any risk or current practice within Finance departments that must...Read more
Following our announcement last month of the real-time VAT reporting obligation in Spain , the Spanish authorities clarified a number of open questions related to these changes. This new information is included in a 34 page Frequently Asked Questions document issued by the Spanish tax authorities.
Here is a summary of the additional information published by the Spanish tax authorities (we selected those questions more relevant for foreign businesses)
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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.
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