Spain implements the Brazilian model
Despite announcements to postpone the implementation, the Spanish government have published plans to introduce real-time VAT reporting as from 1 July 2017.
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Despite announcements to postpone the implementation, the Spanish government have published plans to introduce real-time VAT reporting as from 1 July 2017.
The Spanish authorities are expected to allow individual extensions of the 1 July deadline on Spanish SII obligations. There are also important changes on the content and data requirements.
It is now possible to receive Spanish VAT refunds in a foreign bank account.
Hopefully, your business is already aware of the new Spanish real-time VAT reporting obligation.
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.
After the announcement on the new real-time reporting obligation in Spain and the additional information published by the authorities, most main ERP solutions of the existing providers have published an update on the solution being developed to comply with the new rules.
Back in 2015, the government announced plans to introduce real-time reporting obligations in Spain for large taxpayers.
Saturdays have been traditionally considered as working days for Spanish tax purposes.
As from 1 July 2016, all communication with the Spanish tax authorities made by large taxpayers filing monthly VAT returns must be made electronically through the portal of the tax authorities.
It is now possible to receive Spanish VAT refunds into a foreign bank account.
The Spanish Administrative Court of Justice recently allowed the refund of a non-EU business that submitted a late 13th Directive claim.
Prior to the Spanish elections last December, there was a plan to introduce a real time control report where taxpayers had to provide their ledgers with detailed information about each transaction every four days.