Blog

SII obligations vs VAT financial costs. Time to decide

IMG_0684

The obligation to comply with the Spanish “Immediate Information Supply” (SII) affects those companies operating in Spain having to file VAT returns on a monthly basis. Such is the case for those with a turnover higher than 6 million Euros during the previous calendar year, the so called “big companies”. The outcome is their obligation to provide the tax authorities electronically with the data of the transactions booked at the VAT registers within the 4 calendar days following the issuing date (sales invoices) or the accounting date (received invoices).

 

Having to comply with such a tight schedule is seen as a burden to be avoided by those companies filing their VAT returns on a quarterly basis and, as a result, outside the scope of the SII. However, this conclusion must not be accepted at face value since there could be situations where having to comply with the SII obligation is just a small price to pay for obtaining significant financial savings.

 

Such could be the case of non-established multinationals operating in Spanish which, due to their operative, have not Spanish VAT payable meanwhile incurring significant input VAT and, as a result, are in a recurrent Spanish VAT receivable situation.

 

This situation is not so rare as it may seem, given the reverse charge rule applying to B2B local sales when the supplier is a non-established. For this case, should the non-resident company incur Spanish VAT in its local purchases or imports, along with exempt transactions which jeopardize the possibility to benefit from the special non-resident VAT refund regime of Directive 2008/9/EC, the company could apply for the refund of the incurred input VAT until the last quarterly VAT return. When the amounts are significant this would mean a heavy financial impact on the company.

 

For this scenario the possibility to apply for the special monthly refund regime by registering at the so called REDEME (Register of Monthly Refund) could be an option, having in mind that the price to pay would be the triggering of the obligation to also comply with the SII obligations.

 

In practice, depending on the number of transactions and business flows of the company, the compliance with the SII reporting obligations must not necessarily involve much additional administrative work that the one required by the filing of the VAT returns and keeping of VAT registers. Furthermore, the outsourcing of such SII obligations can be a suitable option which cost could be more than justified by the financial savings obtained.

 

Furthermore, those companies with monthly VAT returns obligation, when importers, are also eligible for the special import VAT deferral regime, which would allow the payment of import VAT quotas by their inclusion on the corresponding monthly VAT return (plus/minus) with no financial incidence.

 

Let us mention that November the 30th is the deadline for companies to apply for the inclusion in the REDEME since the 1sr January and so start benefiting from the special monthly refund regime since this date. So, time to decide.

 

Las dificultades que planteará SILICIE para las em...
La OCDE pretende unificar los impuestos digitales ...
 

Comentarios

No hay comentarios por el momento. Se el primero en enviar un comentario.
¿Ya està registrado? Ingresa Aquí
Invitado
Miércoles, 11 Diciembre 2019

Suscríbete a nuestro boletín

Etiquetas utilizadas

suministro inmediato VAT gap reglas de IVA asesoramiento imposición indirecta Modelo 720 Hacienda no deal brexit fraude fiscal brexit sin acuerdo Francia China Brexit Canarias agujero de IVA energía doble imposición exenciones VAT SILICIE notificación del IVA autónomos tribunales tipo general del IVA electricidad declaración fiscal bonos convertibles reservas online ESI vendedores online ECOFIN Estonia impuestos especiales publicaciones electrónicas obligaciones fiscales Booking economía digital secreto profesional tasa Google brexit no deal factura electrónica brexit duro gas taxation indirect taxes España Reino Unido mercados financieros European Union operaciones transfronterizas asesoría fiscal reclamación de deuda publicaciones físicas economía global Portugal comercio electrónico directiva DAC6 United Kingdom Plan de Acción de IVA fiscalidad impuestos en la UE Alemania facturación electrónica impuestos aranceles ecommerce Annual VAT Summit sector energético libros contables de impuestos especiales IVA european union expertos en VAT conecuencias brexit transacciones financieras Luxemburgo Europa multinacionales armonización de impuestos Unión Europea IVA defraudado ERP operaciones digitales facturación MIFID II IVA impagado derecho comunitario medidas antifraude Suministro Inmediato de Información facturas plataformas digitales Hungría SII International VAT Expert Academy Holanda European Commission representante legal economía colaborativa automatización OECD Suministro Inmediato de la Información normativa del IVA Agencia Tributaria impuesto a las transacciones financieras formación Austria proyecto ventas online régimen fiscal Italia sentencia Amazon directiva alquiler vacacional Comisión Europea tasa Tobin asesores especializados bienes de ciudadanos tasa GAFA política fiscal asesores fiscales salida de Reino Unido IVA en tiempo real aduanas G20 tasa Netflix tiendas online nuevo sistema de IVA zona euro International School on Indirect Taxation asesoramiento fiscal Global Forum on VAT República Checa servicios digitales acuerdo global Batuz tasa tech armonización fiscal actualidad contenido bajo demanda Chipre Ley de Presupuestos Quick Fixes impuesto digital bonos polivalentes Administración OMC e-commerce DAC6 yate bonos univalentes sistema fiscal OCDE impuestos indirectos cotización en bolsa UE VAT Forum asientos contables Spain IVA europeo intereses de demora Suministro inmediato de la información prensa española contribuyentes no residentes IVEA impuestos digitales conflictos fiscales impuesto GAFA eventos especializados AEAT grandes empresas step plan inversores Sistema de Intercambio mayority voting IVPEE modelo 720 publicaciones digitales infracciones
logo-ivaconsulta-byn.png

Estudiamos las necesidades en materia fiscal a nivel europeo de empresas globales.

Siguenos en:

platforamvat-byn.png
Para una más eficiente prestación de nuestros servicios hemos desarrollado PlatformVAT, nuestra propia herramienta de trabajo colaborativo en línea.
Copyright © 2019 IVAconsulta - Todos los derechos reservados

Desarrollo web: The Chef MARKETING

Buscar