In the new update of the technical instructions (version 0.6), the Spanish tax authorities have provided information about …
In the new update of the technical instructions (version 0.6), the Spanish tax authorities have provided information about an important modification with respect to those companies affected by the SII because of being registered under the monthly refund regime (REDEME)
According to the current draft of the Ministerial Order (MO) developing the SII, all companies affected by the SII will have to report the SII information corresponding to the first half of 2017 between the 1st of July 2017 and the 31st of December 2017.
However, the tax authorities are considering via FAQ 1.16 that companies registered at the REDEME will not have to report the SII information corresponding to the first half of 2017, since they are already obliged to file the VAT register books return, Form 340 during such a period.
This change of criteria should be incorporated in the definitive version of the said Ministerial Order, to be published in May.
Further information you can find on the following link: http://www.sii-spain.info/
Companies filing monthly VAT returns, i.e.:
- Those considered as “large entrepreneurs” for VAT purposes (turnover in Spain over EUR 6.000.000).
- Those applying the so called REDEME (special monthly VAT refund scheme).
- Those belonging to VAT Groups.
Pablo Lujan
IVA Consulta
