A law published in Spain’s official gazette on 29 September 2022 (Law on Business Creation and Growth, commonly known as the “Create and Grow Law”) includes the introduction of general electronic invoicing requirements for business-to-business (B2B) transactions and transactions involving individual entrepreneurs (for prior coverage, see the article in the January 2022 issue of Indirect Tax News). The law—which has been well received—is one of the most important components of Spain’s overall Recovery Plan, which aims to stimulate economic/financial recovery from the COVID-19 pandemic, develop and promote business activities through regulatory improvements and the reduction of regulatory obstacles, and provide financial support for business growth.
Source BDO
