- Canary Islands Tax Agency proposes expanding SII obligations beyond IGIC
- Proposal is in draft but technical specifications are disclosed
- All businesses using SII for IGIC must comply with new requirements
- Changes impact sectors like property owners associations, fuel distributors, tobacco retailers, waste management companies, and condominium associations
- Reporting requirements broaden for sales and purchase invoices
- Tobacco businesses must report all operations including exemptions and taxes
- Property owners associations must report non-business purchases and implicit tax rates
- Cl@ve PIN system introduced for simpler authentication
- Businesses should assess new requirements and plan system updates
- Comprehensive system reviews needed before October 1, 2025 effective date if adopted
Source: sovos.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.
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