- Spain has introduced a new certified billing obligation known as Verifactu, with the implementation deadlines proposed to be postponed to January 1, 2026, for Corporate tax payers and July 1, 2026, for other taxpayers, following public consultation and discussions about the requirements for e-invoicing.
- The Verifactu system mandates that electronic billing software must comply with specific criteria, including data protection, traceability, event registration, and reporting capabilities, aimed at combating tax fraud and promoting digitalization in business operations.
- Taxpayers will have the option to choose between the Verifactu model, which involves real-time reporting of invoices to tax authorities, or a non-Verifactu option with less stringent requirements but increased risk of tax control; businesses need to prepare for this regulatory shift and adapt their systems accordingly.
Source Marosa
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