For a quite of time, the requirements for the new fiscalization system in Spain has been introduced. It is known as Verifactu, but regulations determine how the system will look. Still, we are waiting for more technical regulations that will determine the system more precisely.
Fiscalization essentials in Spain: Main requirements of the new fiscalization
Public
Spain
Author: Kristina Dosen
Category:
Fiscal subject related
Views:
359
Content accuracy validation date:
14.05.2024
Content accuracy validation time:
08:12h
Although there are a large number of requirements, we can summarize that for fiscalization, 3 major requirements are:
- SW systems must generate an invoice/receipt record for each issued invoice/receipt
- Must provide the option of sending these records in real-time to the Tax Administration
- Need to ensure compliance with security and control features, particularly for invoicing records, along with the adoption of standard data formats
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