Spain has introduced amendments to the technical specifications of the Spanish Immediate Supply of Information system (known as the SII) which will have effect from 1st July 2018.
The SII, launched on 1st July 2017, requires taxpayers to electronically report their invoice data in XML file format in near real-time through the Spanish tax authorities’ e-platform. It generally affects businesses whose turnover in the previous year was at least EUR 6,010,121.04 or those on the monthly refund scheme Redeme.
The revised SII requirements provide for, amongst others, the following changes:
These changes impact the XML file format of the SII submissions, so it is important for businesses to ensure that they adapt their accounting and ERP systems in readiness. This is the case for business’ both preparing to start filing SII and also those already making submissions.