The Ministry of Finance published the Draft Royal Decree on the use of billing programs for businessmen and professionals. It includes the requirements that must be met by billing systems that will be mandatory as of January 1, 2024.
This measure seeks to adapt the Spanish business fabric , especially SMEs, micro-enterprises and the self-employed, to the demands of digitization. In this sense, there is a clear commitment to the standardization of billing record formats and the fight against fraud and double accounting , in addition to modernization.
Source: ivaconsulta.com
Latest Posts in "Spain"
- Scope of the Standstill Clause and Limits on VAT Deduction Rights in Spain
- Choice Between General and Special VAT Pro-Rata Is a Taxpayer Option, Supreme Court Rules
- Inclusion of Expropriated Property Deliveries in VAT Pro-Rata Calculation for Real Estate Developers
- TEAC Confirms Special Pro-Rata VAT Option Cannot Be Applied Retroactively Without Timely Election
- EU Takes Action Against France and Spain Over VAT and Tax Directive Compliance Issues













