SII, online VAT
The Immediate Supply of Information or SII is an online mechanism promoted by the Tax Agency (AEAT) to improve and facilitate VAT control.
As of July 1, 2017, companies will be required to
send information on invoices issued
and received “almost” immediately, within a maximum period of 4 days (during the second half of
2017, the deadline will be 8 days).
To submit all the information, companies must connect
to the Tax Agency's electronic headquarters and send their billing records
in accordance with the AEAT's technical specifications.
The new system will require a great deal of effort in managing the
information on invoices sent and received by companies, but
thanks to our accounting application Conta-Line, this can now be solved.
Please do not hesitate to contact us to update your application.
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