Spain’s Economic Affairs Ministry published a draft of a Royal Decree on how electronic invoicing between businesses (B2B) will work in the country.
- Businesses can use either a public e-invoicing solution or a private e-invoicing platform to send invoices to their customers.
- Private invoicing platforms will be allowed to use four e-invoice formats: UBL, Facturae, CII, or EDIFACT.
- Rhe first step is for the Government to approve and publish this Royal Decree. 12 months after, large companies (+€8M revenues) will need to start issuing e-invoices, and, 24 months after, it will be the turn of the smaller companies.
- In due course, buyers will also need to inform the seller of whether they accept the invoice and when they paid it.
Source: invopop.com
Latest Posts in "Spain"
- Extension of Customs Clearance Authorizations Now Allowed for Up to Five Additional Years
- New Rules for F44 Declarations: Euro Exchange Rate and Ad Valorem Tax Validation Changes
- New Revision 1.17 of NCTS6 Transit Web Services Guide Published with EU-UK Gibraltar Updates
- Preliminary Actions Application Updated for G4 Temporary Deposit Declarations and Charge Document Entry
- G4 Guide Version 1.12 Released: New Features, Document Updates, and Technical Limitations Announced
