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"You can start small thinking big. "
Xavier Marcet

bln palao abogados is an boutique law firm that takes care of its clients, providing them with a tailored made tax advice, based on the mutual trust  between the client and its adviser.

The  Spanish legal market is suffering lot of changes  and we believe that today, our clients are looking for a quality advice, giving priority to the specialization and the experience of the team.
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In this respect, at bln palao abogados you will find a unique and carefully advice that sums up both qualities. Therefore, we invite you to visit our web, to know ourselves and, should you be interested, to get in touch with us.

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Spanish VAT electronic ledgers

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 With effect July 2017, enters into force the new System of Immediate Supply of Information (SII) that affects all businesses or entrepreneurs  obliged to file VAT returns on a monthly basis.

This new reporting system is designed as an almost web service application, where taxpayers will be obliged to provide information on invoices issued and received, within a maximum period of 4 days from the issue date or, as the case may be, from the accounting record date.

Please note that much of the information to be provided through this new system is already provided to the AEAT through different models such as model 340 or 347. However, the great novelty is the need to provide this information almost immediately, which will mean for operators the need to make investments in systems that allow on-line access to this information.

On the other hand, this new system will entail a number of advantages for taxable persons in the future, since the obligation to submit summary statements, such as the annual summary declaration (model 390), form 340 or form 347. In parallel, the deadline for submitting VAT returns (model 303) is extended.

Should you like to obtain more information on this topic, please do not hesitate to click here.

Blog

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Tax reform: modifications to the VAT warehousing regime

The tax reform: new import VAT scheme applicable to specific operators.

Modifications in the Spanish Electricity Tax.

Annulment of a penalty imposed to a power plant that produced electricity without being registered for excise duties purposes
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bln palao abogados S.L.P.

C/ General Diaz Porlier 93, Esc. A, 1º Izda.

Madrid, 28006

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Tel.: +34 91 831 8008

© bln palao abogados S.L.P.-  2016



Foto utilizada con licencia Creative Commons de Skley