HELPING YOU TO COMPLY
WITH THE E-REPORTING AND
E-INVOICING OBLIGATIONS

“Opting Out” of the Veri*factu Ordinance:

Given the incompatibility of both obligations, companies meeting the conditions to be within the scope of the Veri*factu Ordinance and so obliged to use compliant invoicing software would have the option to “opt-out” of it by exercising the option to voluntary application for the Spanish e-reporting system (the so called SII or “Suministro Inmediato de Información”).
We can help you to file the voluntary application for the Spanish SII and provide a “SII outsourcing service” so to comply with the SII reporting obligations on your behalf. See more about the scope of our service here…

The Scope of this Service will Include:

– taking care of the SII reporting obligations on behalf of the company based on its ERP VAT standard reports, once they have been previously mapped in our reporting solution ComplianceSII.

– Dealing with the errors and corrections resulting from the SII reporting.

– Checking the consistency of data of the different data sources involved:

• • • ERP accounts.
    • SII registers.
    • Monthly VAT returns.

The “Immediate Information Supply”, or SII, refers to the obligation affecting some qualifying taxpayers to electronically file the data contained in their VAT registers at the website of the Spanish Tax Agency on, almost, real time basis.

The Royal Decree 596/2016, of 2 December, for the modernization, improvement and promotion of the use of electronic means in the management of the Value Added Tax. Among other novelties, the obligation to file in almost “real time” basis the data corresponding to all the transactions included at the VAT books introduced the, so-called, “Immediate Information System” or SII. The filing is to be made electronically through the website of the Spanish Tax Agency.

This obligation has been in force since 1st July 2017, although affecting to transactions incurred since 1rst January 2017. It affects companies, resident or not, having to file monthly VAT returns, namely:

It is also possible a voluntary option for the SII, since companies eligible for this system are excluded from certain VAT formal obligations and given longer dead lines for the filing of VAT returns. Also, companies obliged or having voluntarily applied for the SII are excluded from the obligation to use an invoicing software that complies with the Veri*factu Ordinance. See more to Certified Invoicing Software.

Companies within the scope of the SII are meant to submit at the website of the Spanish Tax Agency the required data in a XML file meeting the standards set by the authorities. The deadline to comply with this obligation is 4 days from the moment the sale invoices are issued or the received invoices are accounted for. The possibility to set up a webserver which automatize the filing procedure is contemplated by the authorities.