Is your company required to use the SII or does it sell to EU consumers...
y no lo tienes bien gestionado?
At Asesoría Orihuela Costa we manage the SII and the OSS one-stop shop as part of a complete tax advisory service for companies. If you don't yet have an advisory firm that coordinates these obligations, now is the time to change.
What is the SII and what is the OSS one-stop shop?
Two different regimes that affect companies with activity in the EU
The SII (Suministro Inmediato de Información) is an IVA management system whereby the companies required to comply must submit the details of their invoicing records within 4 calendar days through the AEAT Electronic Office. In exchange, they are exempt from filing Modelos 347 and 390.
The OSS one-stop shop is an optional regime that allows companies selling goods or providing services to final consumers in other EU countries to register in a single Member State, file a single IVA return via Modelo 369 and settle in a single payment the IVA accrued in all the Member States where they have customers.
Who is required to use the SII?
Large companies with turnover exceeding 6 million euros, those registered in the REDEME and groups of entities for IVA purposes are required to comply. Any other company may opt in voluntarily.
Deadline for submitting invoices in the SII
Companies in the SII must submit invoicing records within 4 calendar days from the issuance of the invoice or from the accounting entry date. Failure to meet this deadline results in automatic penalties.
Advantages of the SII for your company
Companies registered in the SII eliminate the obligation to file Modelos 347 and 390 and benefit from shorter IVA refund periods, as the Tax Agency has the information in near real time.
When is the OSS one-stop shop necessary?
When sales to final consumers in other EU Member States exceed the annual threshold of 10.000 euros, the company is required to pay IVA in the buyer's Member State. The OSS simplifies this compliance from Spain.
Modelo 369: the OSS return
Companies registered in the OSS one-stop shop file Modelo 369 to declare and pay the IVA on all their cross-border sales to final consumers in the EU, without needing to register in each country where they have customers. Ofia
SII and OSS management with Asesoría Orihuela Costa
We manage the SII and the OSS as part of a complete tax advisory service for companies, coordinating the invoicing records, Modelo 369 and the rest of your tax obligations so that everything adds up without errors.
How the SII and the OSS affect your company's daily tax management
Ongoing obligations in the SII
- Submit issued invoices within 4 calendar days from their issuance
- Submit received invoices within 4 calendar days from their accounting entry
- Keep the IVA record books updated in the AEAT Electronic Office in near real time
Periodic obligations in the OSS one-stop shop
- File Modelo 369 quarterly with the details of sales to final consumers in each EU Member State
- Keep the records of operations under the OSS for 10 years
- Pay the declared IVA within the deadline established in each return
Failure to comply with any of these obligations generates automatic penalties proportional to the volume of operations. Coordinated management from day one is the only way to avoid this with guarantees.
Consequences of not properly managing the SII or the OSS one-stop shop
An error in managing the SII or the OSS does not generate just a one-off penalty. It can trigger a chain of problems affecting several tax years:
- Penalties for late submission of invoicing records in the SII, proportional to the amount of the affected invoices
- Cross-checks between the AEAT and the tax administrations of other EU countries due to inconsistencies in Modelo 369
- Loss of the IVA exemption on intra-Community operations if the associated ROI is not managed correctly
- Obligation to regularize previous tax years if it is found that the company should have been registered in the OSS and was not
Managing these obligations within a complete tax advisory service for companies is the only way to prevent a technical error from becoming a bigger problem.
Why trust Asesoría Orihuela Costa to manage the SII and the OSS?
Can we help you?
The SII and the OSS one-stop shop are not one-off procedures. They are obligations that affect your daily invoicing and that require continuous monitoring coordinated with the rest of your tax affairs. An error in submitting a record or in filing Modelo 369 can generate cross-checks between administrations of different EU countries.
- Management of registration in the SII and coordination with your IVA record books
- Quarterly filing of Modelo 369 and control of the operations under the OSS
- Coordination with Modelo 303 and the rest of your quarterly tax affairs
- Support for AEAT requirements related to intra-Community operations
- Support in Spanish, English and French for companies with activity in the EU
At Asesoría Orihuela Costa we have been managing the tax affairs of companies with national and international activity in Orihuela Costa, Torrevieja and the entire Costa Blanca for more than 20 years.
Does your company operate with the EU and need to manage the SII or the OSS?
Become a client of Asesoría Orihuela Costa and we'll coordinate all your tax obligations from day one.