The article discusses the importance of assessing a company’s readiness to adapt to a digital VAT scenario and comply with VAT obligations in different jurisdictions. It emphasizes the need to test and evaluate ERP and software solutions, even in the absence of a common EU standard. The Spanish SII test version is suggested as a valuable tool for this evaluation, offering a touchstone to check data consistency and readiness for potential future obligations. The text also encourages companies in Spain, not within the SII scope, to voluntarily apply it for training their systems, anticipating digital reporting and e-invoicing benefits and improving internal controls.
Source: ivaconsulta.com
Note that this post was (partially) written with the help of AI. It is always useful to review the original source material, and where needed to obtain (local) advice from a specialist.
