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Essential Requirements for Fiscalization in Spain: Verifactu System Regulations and Technical Updates

  • New fiscalization system in Spain known as Verifactu
  • Waiting for more technical regulations to determine system more precisely
  • 3 major requirements for fiscalization:
  • SW systems must generate invoice/receipt record for each issued invoice/receipt
  • Option to send records in real-time to Tax Administration
  • Ensure compliance with security and control features, adoption of standard data formats

Source: fiscal-requirements.com

Note that this post was (partially) written with the help of AI. It is always useful to review the original source material, and where needed to obtain (local) advice from a specialist.

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