- Mandatory B2G E-Invoicing Since 2014: Spain has required electronic invoicing for transactions with public entities since Law 25/2013 was enacted. While B2G e-invoicing has been mandatory since 2015, the country is working towards making B2B e-invoicing compulsory, with an estimated implementation date of early 2026 following delays and ongoing reviews by the European Commission.
- Upcoming B2B E-Invoicing Requirements: The draft Royal Decree mandates advanced e-invoicing for B2B transactions, initially targeting businesses with an annual turnover above EUR 8 million. These businesses must adhere to specific data and format requirements, including digital signatures and QR codes for compliance verification. Smaller businesses will follow two years later.
- Compliance Preparation: Businesses should audit current systems, integrate advanced e-invoicing solutions, and consider partnering with third-party service providers like Storecove to ensure compliance. Non-compliance can result in fines up to EUR 10,000, making it crucial to prepare for the transition to mandatory e-invoicing.
Source Storecove
ee 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
