Immediate Supply of VAT Information (SII)

The Immediate Supply of Information (SII) is the VAT processing system developed by the Tax Agency (AEAT) to electronically manage the Value Added Tax (VAT) record books.

Through the SII, companies provide their invoicing information via the Tax Agency’s Electronic Office and do so within a period of four days, extendable to eight for companies where invoices are issued by a third party.

Purpose of the SII

The SII, or Immediate Supply of Information, came into operation in 2017 to improve the traceability of companies’ taxation. Specifically, its objective is to streamline and digitize VAT management and at the same time combat tax fraud throughout the business sector. At the same time, traditional VAT record books seem to be tending towards disappearance.

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

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

Furthermore, the near future suggests that all businesses will have to adapt to systems like the SII. Therefore, taking this step towards digital transformation will be a necessity, as well as an an advantage.

Why manage the Immediate Supply of Information with Easyap?

At easyap we have been working for over 25 years on projects that combine accounting and technology. We develop solutions adapted to all types of companies and across the most varied sectors. At easyap, we provide you with the easyei portal, which allows you to send billing information to the Tax Agency. It doesn’t matter what ERP/Accounting System the client uses or the number of systems.

Our solution is capable of mapping and categorizing invoice information according to AEAT requirements. At easyap we adapt to each client’s information model, without requiring any specific development.

Relationship between electronic invoicing and SII

Likewise, the SII, like other measures such as the Create and Grow Law, represents another step forward in the digitalization process that the entire business fabric is undergoing. Electronic invoicing in Spain is already mandatory for operations with any Public Administration and will soon also be mandatory for transactions between private companies. Therefore, undertaking the digital transformation of your business is now a necessity.

How to adapt my company to SII

The time to digitize and adapt your business to SII has arrived. But how? By implementing a comprehensive solution that meets all your needs and considers various factors:

The software must be flexible in the configuration of any additional information that the AEAT may request.
Your system needs to offer you support and maintenance for the traceability of information.
The digital solution you implement should not require interfaces with third parties.

That is, you need a single platform where you can monitor and integrate the data from your commercial operations and have space to control and manage the provided tax information. A system developed by a specialized company that helps you with maintenance in the face of any incidents or changes due to legal requirements.

Ultimately, to adapt to SII or any new digital advancement, the entire process will be simpler if you approach it by trusting professionals. Companies like easyap, where we develop solutions like these tailored to your needs.