In Spain a new VAT reporting system will enter into force on the 1st of July 2017. The new Spanish requirements will have a huge impact on many (multi)nationals that run SAP.
SII (“Suministro Inmediato de Información”) in Spain is about changing the current VAT reporting system which has been in place for over 30 years. It is introducing a new reporting system for VAT by providing all VAT relevant billing records almost real-time to the AEAT online system. The new Immediate Supply of Information reduces the gap between recording or booking invoices and the actual reporting to the tax authority. It is introduced because the current technological situation allows its implementation at this time, to improve both taxpayer assistance as taxation controls (e-tax audits).
We developed a SAP add-on solution by which the e-submission of the required data from AR and AP invoices is fully integrated in SAP without an external interface or use of external software. With this add-on the submission of the requested invoices can be done automatically and in time. Our SII for Spain is ready and functionality can be demonstrated via our own SAP environment.
The SAP add-on is based on the selection of the VAT relevant transactions from the SAP ledgers. This can be done manually with a new SAP transaction or in an automated way via scheduled batch jobs. The SII relevant data from the selected source transactions are stored in a new customized SII table. That single source ensures your data integrity and consistency. There will be no need for maintenance of multiple systems as it will all be maintained in SAP itself. All reportable SII data are available via a single SAP cockpit which enables easy (tax risk) management of the SII reports.
The cockpit provides the following functionality:
Overview of the SII process in the SAP 'SII' add-on
The integrated SAP e-invoice/SAF-T solutions have the following characteristics: