- Spain has released a draft regulation for mandatory e-invoicing in B2B transactions.
- The regulation will change invoicing processes for most companies in Spain.
- E-invoicing will be mandatory one year after approval for companies with turnover over €8 million, and two years for others.
- Invoices must be submitted through private or public e-invoicing platforms managed by Spanish Tax Authorities.
- The aim is to combat late payments and promote digitalization.
- The draft regulation outlines features and technical requirements for the e-invoicing system.
- Companies must use private platforms, the public solution, or both for issuing and receiving e-invoices.
- If e-invoices are exchanged between private platforms, a copy must be sent to the public solution.
Source: globaltaxnews.ey.com
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.
