- The Anti-Fraud Law in Spain requires companies and professionals to use approved Digitalized Billing Systems (SIF) for accounting, billing, and management processes.
- The law aims to prevent manipulation of accounting data and prohibits the use of “dual-use software” for shadow accounting.
- The VeriFactu system refers to the state tax administration agency’s database for verifiable invoices. The system must meet certain characteristics and requirements, such as preserving billing information, ensuring inalterability of records, and automatically sending information to the tax agency.
- Non-compliance with the law may result in penalties for dual-use software providers and users.
Source Edicom
Latest Posts in "Spain"
- VAT Deemed Included in Contract Price if Not Mentioned and Cannot Be Charged Later, TEAC Rules
- Spanish Tax Authority Rules Against Artificial VAT Deductions in School Property Leasing Case
- Self-Employed Using POS Must Adapt to VERI*FACTU by July 1, 2026, Even for Tickets
- Spanish VAT Now Applies to Amazon Vine Reviewers Receiving Free Products for Reviews
- Spanish Fiscalization: Mandatory Hashing for Billing, Registration, Cancellation, and Event Log Records
