Status September 28, 2021
- Status: Draft Law (“Crea y Crece”)
- Objective authorities
- Companies will have better traceability over their payments; and
- The Spanish authorities will have reliable information and can monitor payments more closely
- Scope Taxable persons: B2B (Companies and Freelancers)
- Public consultation: Closing date – Sept 6, 2021
- Grace period
- Large companies with an annual turnover above the €8 million threshold will have only one year for the compulsory e-invoicing transition
- Companies and freelancers whose annual turnover is less than €8 million will have a transitional period of three years after the law is published in the Official State Gazette (BOE)
All newsitems related E-Invoicing in Spain can be found HERE
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