- Spain has reached a crucial milestone in its journey toward mandatory electronic invoicing for Business-to-Business (B2B) transactions.
- The European Commission recently approved the Draft Royal Decree, which builds upon the Law on the Creation and Growth of Companies.
- The implementation timeline for mandatory electronic invoicing in Spain depends on the annual turnover of the entrepreneur or professional: for businesses with an annual turnover exceeding 8 million euros, the obligations will become effective 12 months after the publication of the Royal Decree, and for businesses with an annual turnover below 8 million euros, the obligations will take effect 24 months after the publication of the Royal Decree.
Source RTCsuite
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