The European Commission has approved Spain’s draft legislation, Ley Crea y Crece, which includes the introduction of mandatory B2B e-invoicing to stimulate economic growth. The regulation aims to address delayed payments and liquidity issues for businesses. While Spain still needs final approval from the European Commission, the target launch date for e-invoicing is 1st July 2025, with a two-phase approach for implementation. Large businesses with turnover over €8 million will be required to comply by July 2025, followed by all other taxpayers by July 2026. This development will impact software providers, including ERP developers and manufacturers, as they will need to ensure compliance with the new regulations.
Source Innovate Tax
Click on the logo to visit the website
- See also
- Join the Linkedin Group on Global E-Invoicing/E-Reporting/SAF-T Developments, click HERE
