Spain is introducing new regulations on B2B e-Invoicing, effective from 2023, to modernize how businesses handle invoicing and tax reporting. The regulations will be implemented in stages, starting with large taxpayers and eventually including all other taxpayers within 24 months. The requirements include adhering to specific formats, ensuring interoperability, and providing detailed reporting on the status of each invoice. The mandate primarily targets B2B transactions involving Spanish businesses. Businesses must choose the right e-Invoicing platform and adhere to structured formats and standards. Submission of e-Invoices can be done directly through the public e-Invoicing solution (SPFE) or via private platforms. Understanding and adapting to these regulations is crucial for staying compliant and efficient in Spain’s dynamic business environment.
Source RTCsuite
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