- Digitalisation has transformed company process management with e-invoicing enhancing administrative and fiscal operations
- Spain is moving towards mandatory e-invoicing for all companies to boost transparency, reduce late payments, and ensure tax compliance
- The Crea y Crece Law mandates e-invoicing for B2B transactions to standardize commercial systems and improve efficiency
- Law 11/2021 requires certified billing software to prevent accounting data manipulation
- Royal Decree 1007/2023 outlines requirements for certified billing systems to maintain integrity and traceability of records
- Verifactu, a public tool, supports real-time submission of billing records to Spanish tax authorities
- Verifactu features include QR codes and digital signatures on invoices to secure authenticity and detect anomalies
- Implementation of certified billing systems in Spain has been delayed to January 2026 for legal entities and July 2026 for other taxpayers
- Companies with an annual turnover over EUR 8 million must adopt e-invoicing within a year of regulation approval, smaller entities have two years
- The gradual implementation of e-invoicing in Spain is under review by the European Commission
Source: bdo.global
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.
