The Ministry of Economic Affairs and Digital Transformation of Spain has received approval from the European Commission for the new draft of the electronic invoicing regulation, which builds upon the Law on the Creation and Growth of Companies. The Law Crea y Crece introduces the mandatory use of electronic invoicing among entrepreneurs and professionals.
When and if the B2B invoicing will become mandatory?
B2B e-invoicing approved in Spain
Public
Spain
Author: Nikolina Basić
Category:
Fiscal subject related
Views:
1180
Content accuracy validation date:
05.09.2024
Content accuracy validation time:
11:32h
Currently, electronic invoicing is mandatory for suppliers of the public administration and contractors or subcontractors of the state. But, with the approval of this law, B2B e-invoicing will become mandatory.
This marks a significant step towards the mandatory implementation of electronic invoicing in business-to-business (B2B) relationships in Spain. These changes are expected to streamline invoicing processes and enhance transparency in B2B transactions across Spain.
If we go back, the development of the e-invoice law began in March 2023, with a consultation process to gather opinions from citizens and organizations.
The new regulation will be implemented based on the annual turnover of businesses and professionals:
- Businesses with turnover over 8 million euros: 12 months to comply.
- Businesses with turnover under 8 million euros: 24 months to comply.
There is a one-year transitional period for companies and professionals to implement the necessary technology for the changes in invoicing systems. During the transition period, businesses will still be required to send invoices in PDF format to ensure smooth invoicing processes.
The new law defines that:
- All entrepreneurs and professionals must issue, send, and receive electronic invoices in their B2B operations.
- Companies providing electronic invoicing services must ensure free interconnection and interoperability.
- Recipients of electronic invoices can request a copy at no additional cost within four years of issuance.
- Non-compliance with electronic invoicing obligations may result in fines of up to 10,000 euros.
- Companies must identify all invoicing flows and take necessary actions to comply with the electronic invoicing law.
- Notification of invoice status will become mandatory 36 months after the publication of the real decree.
Still, to determine deadlines, we need to wait for the official publications of this law.
Other news from Spain
Slovenia: EU Targets Unsafe E-Commerce Imports with New Measures
Public
Author: Ivana Picajkić
The European Commission is tightening regulations on e-commerce imports to address the surge of unsafe and counterfeit goods, particularly from China, by reforming customs rules and increasing product safety checks. Key measures include removing the duty exemption for low-value parcels, introducing a potential customs fee, establishing priority control areas, and launching an EU-wide product safet... Read more
To which computer systems do the fiscalization regulations apply in Spain?
Public
Spain
Author: Nikolina Basić
Spain
Author: Nikolina Basić
Spain's upcoming fiscalization system will apply specifically to computerized billing systems (SIF) used for issuing invoices and simplified invoices. These regulations, outlined in Royal Decree 1007/2023, will affect businesses required to issue invoices but will not apply to other systems used solely for generating non-fiscal supporting documents. The fiscalization system in Spain is cer... Read more
Fiscalization vs. e-invoicing obligation in Spain
Spain
Author: Nikolina Basić
In Spain, fiscalization (VERIFACTU) and e-invoicing obligations are distinct systems with separate regulations, purposes, and deadlines, yet they are often misunderstood and conflated. The VERIFACTU obligation, governed by Royal Decree 1007/2023, mandates the use of specialized systems to ensure the integrity and traceability of invoices, with potential implementation starting January 2026. Read more
If a company does not use the VeriFactu mode, is it obliged to maintain a system that allows connection with the Spanish Tax administration (AEAT)?
Spain
Author: Nikolina Basić
Companies not using the VeriFactu mode must still ensure their billing systems can connect with the Spanish Tax Administration (AEAT) to comply with fiscalization rules. Let's find out more on this. Read more
Fiscalization in Spain: Do VeriFactu and non-VeriFactu modes have the same traceability obligations?
Spain
Author: Nikolina Basić
Under Spain's fiscalization rules, traceability requirements differ between VeriFactu and Non-VeriFactu systems. Let's delve deeper into this topic! Read more
Fiscalization in Spain: invoice software solution possibility of continuing to market software for SII clients and VeriFactu impact
Spain
Author: Nikolina Basić
Spain's General Directorate of Taxes confirmed that software compliant with the Immediate Supply of Information (SII) obligations can continue to be used by SII-subject clients under the VeriFactu Regulation. Read more
New education was created: Educational videos for Spain
Spain
Author: Nikolina Basić / Stevan Car
This series of educational videos provides an insight into the Spanish fiscalization system that has been announced for the first time. Legal and technical aspects of the Spanish fiscalization system are presented and divided into appropriate topics. Read more