- Spanish IT regulations affecting VAT encompass several aspects, including Immediate Information Supply (SII), Obligatory E-invoicing, and statutory requirements of invoicing systems.
- SII requires qualifying taxpayers to electronically file VAT register data almost in real time.
- Obligatory E-invoicing mandates the use of electronic invoices in B2B transactions, with implementation delayed until a year after the approval of the draft Ordinance.
- Statutory requirements of invoicing systems allow for public regulation of software used for invoicing processes.
- Regarding non-resident companies operating in Spain, compliance with VAT and invoicing regulations doesn’t necessarily mean compliance with IT regulations.
- The SII affects companies filing monthly VAT returns, applying for special VAT refund regimes, belonging to Spanish VAT Groups, or voluntarily adopting the SII.
- The e-invoicing draft ordinance exempts cases where either party lacks a business site in Spain or a permanent establishment there.
Source ivaconsulta
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