The tax authority in Bizkaia published an update for the technical documentation related to Bizkaia SII. The documentation introduces the value “AJ” (Ajuste del Margen de Beneficio) in the ledger of issued invoices for modifications of the tax base and quota for which there is no obligation to issue a rectifying invoice derived from the application of the Special regime for used goods, art objects, antiques, and collectibles, in which the determination of the tax base is made based on the margin of benefit. This update is in line with last year’s update published by the AEAT for the Spanish SII system.
Source: sovos.com
Latest Posts in "Spain"
- How to Achieve VeriFactu Compliance in Spain Without Replacing Your ERP or Billing Systems
- Employee Transfer in Dissolution: Payment for Future Severance Is Taxable Service Subject to VAT
- Spain sets the date: Mandatory B2B e‑invoicing starts on 1 October 2027
- Top SII Errors Triggering Penalties in Spain and How Finance Teams Can Fix Them
- Spain Finalizes B2B e-Invoicing Mandate: Key Dates, Requirements, and Compliance Under Royal Decree 238/2026
