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Spain Considers Unifying VAT E-Reporting and E-Invoicing Systems

  • Spain is considering merging its e-reporting and e-invoicing systems, including SII and VeriFactu.
  • Large taxpayers over €6 million in annual turnover currently use SII and are exempt from VeriFactu.
  • SII requires transaction reporting within four days of invoice issuance or receipt.
  • Authorities want to reduce administrative burden by unifying reporting, including annual VAT summaries like Form 390, into a centralized system.

Source: vatcalc.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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