- Non-resident companies operating in Spain must become taxable persons liable for Spanish VAT or IGIC if their transactions occur within the Spanish territory, triggering formal obligations for VAT compliance, including the Immediate Information Supply (SII) reporting, which requires almost real-time submission of VAT data to tax authorities.
- The introduction of the “Veri*factu” Ordinance mandates that companies use compliant invoicing software by July 2025, with potential delays until 2026; this software must adhere to specific technical standards to prevent tax fraud and facilitate e-reporting, while a new law will extend mandatory e-invoicing to B2B transactions by 2027.
- The evolving landscape of Spanish invoicing regulations, characterized by the Veri*factu Ordinance and mandatory e-invoicing under the “Ley Crea y Crece,” presents challenges for multinational companies, especially with overlapping requirements and existing e-reporting obligations, necessitating careful navigation of compliance frameworks.
Source ivaconsulta
