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VeriFactu Regulation: Spain Implements Computerized Billing System to Combat Tax Fraud

  • VeriFactu is a computerized billing system in Spain
  • The “VeriFactu Regulation” was approved on December 6, 2023
  • The regulation establishes requirements for computer or electronic systems used in billing processes
  • It also standardizes formats for billing records
  • Companies and professionals must update their IT systems to comply with the regulation by July 1, 2025.

Source: edicomgroup.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.

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