- The Law Crea y Crece introduces the mandatory use of electronic invoicing among entrepreneurs and professionals
- Currently, electronic invoicing is mandatory for suppliers of the Public Administration and contractors or subcontractors of the State
- There is a one-year transitional period for companies and professionals to implement the necessary technology for the changes in invoicing systems
- The main objectives of the Law Crea y Crece are to promote digitalization in business relationships, reduce transaction costs, increase transparency, and prevent delays in commercial operations
- The law modifies the article 2.bis of the Law 56/2007 regarding electronic invoicing in the private sector
- All entrepreneurs and professionals must issue, send, and receive electronic invoices in their B2B operations
- Companies providing electronic invoicing services must ensure free interconnection and interoperability
- Recipients of electronic invoices can request a copy at no additional cost within four years of issuance
- Non-compliance with electronic invoicing obligations may result in fines of up to 10,000 euros
- Companies must identify all invoicing flows and take necessary actions to comply with the electronic invoicing law
Source: ayming.es
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.
