- The Spanish government has released a draft regulation for mandatory B2B e-invoicing, which aims to promote digitalization, reduce late invoice payments, and save on administrative costs.
- All companies and professionals required to issue invoices under Spanish law will be obliged to do so electronically, with a few excluded transactions.
- The e-invoicing system will consist of privately owned electronic invoicing platforms and the public electronic invoicing solution managed by the State Tax Administration Agency.
- E-invoices can be issued in different accepted formats, and private e-invoice platform operators will be obligated to interconnect with any other private platform within the Spanish e-invoicing system within one month of their request.
- The invoice recipient must communicate the e-invoice status to the invoice issuer within four calendar days.
- The Royal Decree is currently in draft form but will be effective 12 months after its official publication on the Spanish Official Gazette.
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