Duracell Case Study: How Spanish SII is Impacting Companies
King of Prussia, PA — Vertex, Inc. has been featured in an article for its partnership with Duracell to complete the first successful Spain SII electronic VAT filing in the August issue of International Tax Review. The article provides further insights into SII (Immediate Information Sharing System) and how it is impacting companies.
What is Spanish SII? The new SII filing is a requirement introduced by the Spanish government that requires taxpayers to submit VAT relevant transactional data of their Accounts Payable (AP) and Accounts Receivable (A/R) records in a specific xml format.
The case study provides in-depth insights into:
- How SII has changed the Duracell team’s VAT processes.
- The practicalities of compliance – how Duracell is dealing with real-time submissions using tax automation technology.
- Overcoming the complexities of managing high volumes of data in near real-time, to ensure it is organized and fully validated prior to submission.
In a recent press release announcement Irmante Stazyte, global VAT manager at Duracell stated, “Duracell is pleased to have partnered with Vertex in order to accomplish the first Spanish SII VAT filing.”
Click here to read the full International Tax Review article featuring more about the Duracell/Vertex partnership to comply with the new SII requirements in Spain.
About International Tax Review Magazine
International Tax Review is a UK publication and is described as combining up-to-date news and analysis regarding the tax industry, government, private practice, research and cross-border tax issues. The magazine targets tax professionals and reaches 30,000 readers per month from a global audience.
Since 1978, Vertex, Inc., has been a leading provider of tax technology and services, enabling companies of all sizes to realize the full strategic potential of the tax function by automating and integrating tax processes, while leveraging advanced and predictive analytics of tax data. Vertex provides cloud-based and on-premise solutions that can be tailored to specific industries for every major line of tax, including income, sales and consumer use, value added and payroll. Headquartered in Pennsylvania, and with offices worldwide, Vertex is a privately held company that employs over 900 professionals and serves companies across the globe.