Need The New Spain Online VAT Register (SII) - Statustory Tax Changes In Spain July 2017 (Doc ID 2257271.1)

Last updated on APRIL 20, 2017

Applies to:

Oracle Fusion Tax Cloud Service - Version 11.1.11.1.0 and later
Information in this document applies to any platform.

Goal

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
 

Solution

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