Enhancing Internal VAT Management: Impact of Spanish SII on Multinational Companies’ Compliance

Multinational companies face challenges with VAT reporting obligations in multiple countries
Lack of common technology standards and updated ERP systems can complicate VAT compliance
Companies need to take a holistic approach to VAT compliance, considering changes in technology and reporting obligations
The internal VAT management function needs to evolve to adapt to global changes and harmonization efforts
The Spanish SII (Suministro Inmediato de Información) contributes to a holistic approach to VAT management by providing immediate information to tax authorities

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.