Webinar On Demand: Spain Launches Real-Time Transactional Reporting (SII)

April 7, 2017 Becca Haile

More than 60,000 companies impacted by the mandate

In December 2016, Spain announced that businesses that file monthly VAT returns will be required to submit transactional invoice data, for both sales and purchases, electronically starting July 1, 2017. As a result of this mandate, more than 60,000 companies will need to implement this new reporting standard which now includes real-time registration of transactional data, dubbed the Immediate Submission of Information (SII).
 
The SII will require companies to submit all documents related to VAT liabilities, including invoices issued, invoices received, customs declarations, and accounting forms in real-time. While the real-time process does not begin until July 1, 2017, companies are required to show all documentation dated from January 1, 2017, meaning companies need to be putting processes in place now in order to ensure compliance.
 
Join us for an upcoming webinar to learn more about this mandate:
  • Highlights of the legislation and its impact on your organization
  • Recommendations on how to start preparing for Spain’s new mandate
  • How to avoid potential risks, including operational and IT support issues as well as audits and penalties
View on demand today!
Previous Article
4 Trends Impacting IT Teams’ Ability to Support Sales and Use Tax Compliance
4 Trends Impacting IT Teams’ Ability to Support Sales and Use Tax Compliance

This summary of our Sovos Tax Tuesday webinar addresses the challenges that IT managers face, and solutions...

Next Article
1099 Updates: March 2017

Regulatory and legislative updates to 1099 form requirements that took place in recent weeks. Individual st...