- Spain is implementing new regulations on B2B e-Invoicing, aiming to revolutionize how businesses handle invoicing and tax reporting.
- The regulations will be effective from 2023, with large taxpayers being the first to comply.
- e-Invoices must adhere to structured formats and standards, and detailed reporting on each invoice is mandatory.
- The mandate primarily targets B2B transactions involving Spanish businesses across various sectors.
- Businesses must choose a compliant e-Invoicing solution and adhere to the required formats.
- e-Invoices can be submitted directly through the SPFE or through private platforms, with a copy sent to the SPFE.
- This move towards mandatory e-Invoicing is a crucial step towards digital transformation in tax compliance in Spain.
Source: rtcsuite.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.
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