On 1st July 2017 the Spanish Tax Authority (AEAT) introduced the Immediate Supply of Information (SII) on VAT – request of purchases invoices, sales invoices and intra-community operations within 4 days of issuing and capital assets annually. Suddenly more than 60,000 companies have become obliged to adapt
technology and adjust current Tax process and IT infrastructure to comply and avoid penalties
Based on Sovos’ previous experience in countries where this kind of mandate was adopted and followed by the successful results of the first quarter and AEAT updates, Spain SII will continue to improve and expand its geographic, information and companies in scope.