I. Transactional data as the new paradigm in worldwide tax compliance   Fighting against tax evasion and tax erosion has traditionally been a main concern for tax authorities no matter the country. The novelty is that, now, there is a consensus that the evolution of technology provides powerful tools to achieve these objectives.    This is giving rise to a new status quo where the tax administrations make intensive use of technology for the managing of taxes and, through local normative which in...

We are proud to announce our attendance to the 22th Annual VAT Summit that is organized by VAT forum, a Belgian organization which unites VAT specialists all over Europe who, like IVA Consulta, are firmly engaged in the study, consultancy and teaching of VAT.     The Summit is taking place the next 29 to 31 of May in Malta, with the assistance of European and local VAT authorities and experts, being also open to responsible of financial, IT and VAT departments of European multinationals, likely ...

As the final stage before its approval, the Spanish Government has notified the European Commission the final draft of the Ordinance that regulates B2B e-invoicing obligation in Spain (Draft Royal Decree implementing Law 18/2022 of 28 September 2022 on the creation and growth of companies with regard to electronic invoicing between companies and professionals). This regulation develops the extension to B2B transactions of the obligation to e-invoice introduced by  Law 18/2022 of 28 September reg...

     I. Introduction   With the publication at the Official Gazette of Royal Decree117/2024 (hereinafter, the DAC7 Ordinance), of 30 January, that develops the rules and procedures of due diligence for the purpose of the automatic exchange of information provided by the platform operators resulting from the transposition of Directive 2021/514 (hereinafter, the Directive or the DAC7) and the Ministerial Order HAC/72/2024, of 1 February (hereinafter, the DAC Order), approving the census and report...

 I. Foreword   The scenario of VAT compliance and data reporting obligations at international level has been in turmoil for some years now. If referring to Europe, keeping pace with the EU regulatory initiatives, such as those resulting from the VAT action Plan and, more recently, the VAT in the Digital Age Plan, represents a challenge both for external tax specialists and internal departments in the areas involved (i.e. IT, financial, tax, logistics) alike.   Complexity in the drafting of new E...

I.     Spanish IT regulations affecting VAT   There are different local regulations affecting IT aspects of Spanish VAT, with different level of implementation or scope although. They are complementary and not exclusive, regardless of their likely need to be adapted to future changes in the EU regulations resulting from the ViDA plan.   I.1    Immediate Information Supply (SII)   The “Immediate Information Supply” or SII refers to the obligation affecting some qualifying taxpayers to electronica...