What is Immediate Supply of Information (SII)
It is a change to the current management system of the Spanish tax agency, which has been in use for 30 years. With the implementation of the SII, information is transmitted to a new system of the Spanish tax authorities. In this process, the journal entry of a financial transaction is sent digitally directly to the tax agency (La Sede electrónica de la AEAT).
Does the SII system affect all taxpayers?
The new system is mandatory for companies that are currently required to pay VAT and meet one of the following conditions:
Being registered in the REDEME (Monthly VAT Refund Registry).
Or large companies with more than 6 million euros per year.
You can also voluntarily sign up to use this new system.
What information must be provided to the SII?
Within a certain timeframe, the information regarding the registers must be provided:
1
Purchase invoices
2
Sales invoices
3
Intra-community transactions
4
Investments
How to send this information?
A good solution for your accounting also provides the technology to send the information periodically and correctly to the Spanish Tax Authority. Exact Online is an example of this. If you would like to know more about it, please contact Ronald Verstappen from Sin Rodeos.
Unfortunately, we all have to pay taxes; we can't make it more fun, but we can make it easier.
Why a solution from Sin Rodeos?
At Sin Rodeos, we work with business software that makes it easier and more enjoyable to manage your accounting. We also offer solutions that support and streamline your inventory management, invoicing, customer relationship management, and production business. This way, you have control over your company and it goes from A to Better. Feel free to contact us for a quick scan of what business software can mean for you.
– Sin Rodeos is the 1st certified Exact Online partner in Spain
– Sin Rodeos has more than 20 years of experience in automating your business processes
– Personal contact and straightforward = Sin Rodeos
Take a look at our website www.sinrodeos.es for more information, take contact contact us for a non-binding conversation via the contact form.
(source citation https://www.agenciatributaria.es)