Since 1st July 2017, Spanish VAT Authorities have introduced “Suministro Inmediato de Información” or the “Immediate Supply of Information”. This real-time reporting requirement has been used to mandate the electronic supply of accounting information to the Spanish VAT Authorities.
However, the implementation and integration of the system has been far from simple. Complications have created a huge burden on businesses trying to understand and manage their obligations. Meanwhile, many large companies must report SII files on a daily basis in order to stay compliant.
In order to better navigate SII, Taxback International’s Spanish VAT experts have put together everything you need to know!
Source: taxbackinternational.com
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