- 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.
Source Sovos
Click on the logo to visit the website
