The tax authority in Spain, Agencia Estatal de Administración Tributaria (AEAT), aiming to enhance the Immediate Supply of Information (SII) version 1.1, has introduced new validations and fields to the schema expected to be enforced from 1 January 2021.
The new fields will record the sales of goods in consignment (Venta de bienes en consigna) to comply with the requirement to register these operations in the system of the AEAT from 1 January 2021. This was established in the Spanish VAT Regulations (RIVA) and the Decree-Law 3/2020 which amended the domestic VAT Law.
These changes were adopted in the Spanish legal framework to simplify rules for the sale of goods in consignment or call-off stock as part of the “Quick Fixes” outlined in the Council Directive (EU) 2018/1910 into the domestic laws and regulations.
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