- 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
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.
Latest Posts in "Spain"
- Spain Clarifies VAT Reverse Charge for Construction, Including Plumbing and Demolition Activities
- Spain’s Supreme Court: Public Service Subsidies Not Subject to VAT, Aligns with EU Ruling
- Spanish VAT Refund Challenges: Reciprocity Requirements Under 13th Directive for Non-EU Businesses
- Choosing Between SII and Verifactu: Navigating Spain’s New Invoicing Regulations for 2026
- Spain Updates Economic Agreement with Basque Country, Enhances Tax Collaboration and Compliance Measures
