- Spain is moving towards digitalizing the invoicing function for some companies.
- The process covers from customer registration to electronic invoicing, including recipient acceptance, rejection, and payment.
- The draft regulation for mandatory electronic invoicing was published in June 2023, with a second version in January 2024.
- The new version expands the scope to include non-resident companies issuing invoices to Spanish entities.
- Non-Spanish entities must comply with electronic invoicing if the reverse charge rule does not apply.
- The recipient has four days to accept or reject the invoice and four days from the payment date to report payment.
- Spanish entities may be exempt from electronic invoicing if the recipient is not in Spain.
- The Spanish administration will provide a free public invoicing solution. The goal is to digitalize the invoicing function and have millions of invoices in a short time.
Source International Tax Review
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