Need The New Spain Online VAT Register (SII) - Statustory Tax Changes In Spain July 2017
(Doc ID 2257271.1)
Last updated on AUGUST 24, 2020
Applies to:Oracle Fusion Tax Cloud Service - Version 220.127.116.11.0 and later
Information in this document applies to any platform.
Need The New Spain Online VAT Register (SII), February 2017 - Law Requirement
Spain is changing VAT legislation from the 1st of July 2017 to create an on-line vat register
1.2 Spain Online VAT Register Introduction
The government of Spain has approved a law that makes it mandatory to electronically deliver the VAT Register of received and submitted invoices as well as interstate shipments to the tax authorities via a predetermined XML format. Organizations must report to the tax authorities within four days upon the issuance or receipt of supplier/customer invoices. The tax authorities confirm the tax calculation and provide a return file of status for each invoice.
The law is effective July 1, 2017 and applies to the following organizations:
Large companies with annual turnover above 6 million Euros
Companies adhered to the monthly VAT settlement
Company groups that declare as such
Other companies can adhere voluntarily
Summary of requirement areas and expected date of first submission:
Registers to be submitted by the First Party to the Tax Agency
Issued Invoices Register – Required by July 1, 2017
Received Invoices – Required by July 1, 2017
Selected Intra-Community Transactions – Required by July 1, 2017
Cash Collections – Required by December 31, 2017
Investment Goods – Required by January 31, 2018
Confirmation return message sent by Tax Agency to First Party – Required by July 1, 2017
Retroactive reporting of the first semester of 2017 – Required by December 31, 2017
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