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Pincvision Spain has released a draft Royal decree in which it introduces a new system under which all sales and purchase invoices must be transmitted electronically to the Spanish Tax Administration.

European VAT (related) developments

Spain has released a draft Royal decree in which it introduces a new system under which all sales and purchase invoices must be transmitted electronically to the Spanish Tax Administration.

The information has to be provided within a 4 day timeframe from issuance or receipt of the invoice, so almost a real time reporting requirement.

Click to read about the other VAT developments

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