- The Royal Decree for introducing Verifactu fiscalization requirements has been approved in Spain.
- The regulation outlines criteria for computer or electronic systems and programs supporting billing processes.
- The process lasted almost two years and is now finalized.
- Taxpayers have until July 2025 to have systems ready in accordance with Verifactu rules.
- Verifactu will bring new rules for issuing invoices and receipts in Spain.
- Taxpayers using selling or billing programs can send records to the State Tax Administration Agency electronically.
- The format for sending records will be XML.
- More regulations still need to be published, especially from a technical perspective.
- The Spanish tax administration held a seminar introducing the main regulations for Verifactu.
- Deadlines for compliance with Verifactu requirements have been outlined in the Royal Decree.
- SIF producers and marketers have 9 months to fully adapt their products to the Regulation.
- The service for receiving billing records sent by Verifiable Invoice Issuance Systems will be available within 9 months of the Ministerial Order entering into force.
Source: fiscal-requirements.com
Note that this post was (partially) written with the help of AI. It is always useful to review the original source material, and where needed to obtain (local) advice from a specialist.
