Four Reasons to Oppose Rules on Digital Commerce in the WTO

1.- E-commerce proposals would promote greater inequality by reducing real competition and promoting monopolistic and oligopolistic behavior.
“Is it Time to Break Up Google?” Jonathan Taplin wondered in The New York Times recently:
Google has an 88 percent market share in search advertising, Facebook (and its subsidiaries Instagram, WhatsApp and Messenger) owns 77 percent of mobile social traffic and Amazon has a 74 percent share in the e-book...

Read more

SII, VAT management system based on Immediate Supply of Information

The Tax Agency introduces a new VAT management system based on Immediate Supply of Information (SII).
* Taxpayers subject to the SII (and those choosing to adopt it voluntarily) must send details of their billing records within four days via online filing on the Tax Agency website. However, during the first six-monthly period in which the system is in place, taxpayers may avail of an extraordinary eight-day extension in the immediate supply of information period (both terms exclude Saturdays, Sundays and national holidays ...

Read more

Duty to Bill

The obligation for business people and professionals to invoice is stated in article 29.2.e) of the General Tax Law 58/2003 of 17 December (Official State Gazette published on 18-12-2003), in article 164, section One, 3rd of Law 37/1992 of 28 December on VAT (Official State Gazette published on 29-12-1992) and in article 2.1 of the Regulation on invoicing duties approved by the first article of Royal Decree 1619/2012 of 30 November (Official State Gazette published on 01-12-2012).
Employers and professionals are under the obligation to issue an invoice and a copy of ...

Read more

Remember that you can resolve any doubts at www.pratsglas.com