The main goal of this regulation is to extend the obligation to issue and send electronic invoices to all commercial relationships between companies and the self-employed. In other words, B2B transactions are the focus of this regulation, and the goal is to encourage the digitization of all companies, particularly the smallest ones. The purpose of this law is to improve regulation and the business climate, eliminate obstacles to the development of economic activities, reduce commercial delinquency, and optimize access to financing, as stated in the Preamble of the regulation.
Source: fiscal-requirements.com
Latest Posts in "Spain"
- Spain TEAC Clarifies Plastic Tax Refunds and VAT Correction for Fraudulent Transactions
- VAT Exemption Code 9022 for Special Regime Operators with Global Guarantee
- VAT IT eezi webinar – European E-Invoicing Spotlight: Greece, Poland, Croatia & Spain (Nov 27)
- Understanding Spain’s Royal Decree 1007/2023: Digital Billing Records and Fiscalization Compliance
- Restored VAT Rates Boost Spain’s Revenue by €1.67 Billion Amid Strong Economic Growth