Extensive Overview of Spain’s Verifactu, RTIR System

• Real-Time Invoice Reporting (RTIR) is a system designed for reporting invoices in real time.
• It involves the immediate submission of invoice data to tax authorities.
• RTIR aims to enhance tax compliance and reduce tax evasion by providing tax authorities with real-time access to invoice information.
• The system requires businesses to electronically transmit invoice details, such as transaction value, VAT amount, and relevant parties’ information, to tax authorities.
• RTIR is implemented in some countries as part of their tax administration and compliance efforts.

Source RTCsuite

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• See also
  • E-Invoicing/Real Time Reporting – What can you find on VATupdate.com
  • Worldwide Upcoming E-Invoicing mandates, implementations and changes – Chronological
  • Collection of E-Invoicing Guides – Worldwide – VATupdate

• Join the Linkedin Group on Global E-Invoicing/E-Reporting/SAF-T Developments, click HERE

 

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