EGL9.2: New VAT management system For Spain (SII) Applicable from 1 July 2018

(Doc ID 2420619.1)

Last updated on JULY 09, 2018

Applies to:

PeopleSoft Enterprise FIN Global Components - Version 9 and later
Information in this document applies to any platform.

Goal

New changes announced by Spanish Tax authorities. Below are some changes (http://siiaeat.es/en/changes-immediate-information-sharing-sii-july-2018/). A new field (name and identification number -NIF- of the successor entity) has been added for recording invoices reported by an entity acting as a successor of another entity due to corporate restructuring transactions.Two specific boxes have been created, for "qualified" simplified invoices in which the recipient¿s data is included, in accordance with articles 7.2 and 3 of the Invoicing Regulations (RD 1619/2012), and for complete invoices in which it is not mandatory to identify the recipient, in line with article 6.1.d) of the Invoicing Regulations, both with respect to invoices issued and invoices received. These invoices will be reported, respectively, together with the complete invoices under invoice type key ("F1"), and the simplified invoices, under key "F2". A new invoice key, named "LC" ¿Aduana- Liquidación complementaria¿, has been added to the record of received invoices. 

A mark to identify invoices issued by third parties in accordance with the third and sixth additional provisions of RD 1619/2012 (in relation to energy supplies) has been added to the Record of issued invoices. It is now possible to identify the part of the exempt tax base corresponding

to each ground for exemption. A new collection / payment method key ¿ bank transfer ¿ has been added for transactions affected by the special VAT cash accounting regime. Two new keys for issued invoices have been created to identify records corresponding to refunds under the travelers' regime. An identifier has been created for records that prove difficult to send on time. Issued or received invoices, with an amount higher than or equal to 100,000 Euros, should now be specified using an identifier.

Solution

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