Immediate Supply of VAT Information (SII)

The Immediate Information Sharing (SII) is the VAT processing system developed by the Spanish Tax Agency (AEAT) to electronically manage Value Added Tax records.

Through the SII, companies provide information on their turnover via the Tax Agency's Electronic Headquarters within four days, which can be extended to eight days for companies whose invoices are issued by a third party.

Purpose of the SII

The SII, or Immediate Information Sharing, came into effect in 2017 to improve the traceability of company taxation. Specifically, its objective is to streamline and digitize VAT management while combating tax fraud throughout the business sector. At the same time, traditional VAT record books seem to be disappearing.

Currently, the SII is mandatory for organizations that are required to self-assess VAT on a monthly basis. That is, any company that belongs to one of these groups:

Large companies with a turnover of more than €6 million.
Organizations registered in VAT groups.
Companies registered in the Monthly VAT Refund Scheme (REDEME).
Any company that voluntarily joins this new VAT management system.

Furthermore, the immediate future suggests that all businesses will have to adapt to systems such as the SII. Therefore, taking that step toward digital transformation will be a necessity, as well as an advantage.

Why manage the immediate provision of information with Easyap?

In easyap , we have been working on projects that combine accounting and technology for over 20 years. We develop solutions tailored to all types of companies and in a wide variety of sectors. At easyap, we provide you with the easyei portal, which you can use to send billing information to the Tax Agency. It doesn't matter what ERP/accounting system the customer uses or how many systems they have.

Our solution is capable of mapping and categorizing invoice information in accordance with AEAT requirements. At easyap we adapt to each client's information model, without carrying out any specific development.

Relationship between electronic invoicing and SII

Likewise, the SII, like other measures such as the Crear y Crecer Law, represents another step forward in the digitization process that the entire business sector is undergoing. electronic invoicing in Spain is already mandatory for transactions with any public administration and will soon be mandatory for transactions between private companies as well. For all these reasons, undertaking the digital transformation of your business is now a necessity.

How to adapt my company to the SII

The time has come to go digital and adapt your business to the SII. But how? By implementing a comprehensive solution that meets all your needs and takes various factors into account:

The software must be flexible in its configuration the additional information that the Spanish Tax Agency may request.
Your system must offer you support and maintenance of the traceability of information.
The digital solution you implement does not have to require interfaces with third parties.

In other words, you need a single platform where you can monitor and integrate your business operations data and space to control and manage the tax information provided. A system developed by a specialized company that helps you with maintenance in the event of any incident or change due to legal requirements.

Ultimately, to adapt to the SII or any new digital advancement, the entire process will be easier if you rely on professionals. Companies such as easyap, where we develop solutions like these tailored to your needs.