- Spanish resident taxpayers must use approved invoicing systems called verifiable invoicing systems or VERI FACTU systems
- The requirement is specified in the Royal Decree 1007/2003 of 5 October 2024
- Businesses already required to file SII reports are exempt from this new system
- The Ministerial Order HAC/1177/2024 outlines the technical requirements for the invoicing software
- Software developers have a 9-month deadline to adapt their applications to meet these requirements
- The software must automatically generate a register for each invoice issued or cancelled, containing specific data as per the ordinance
- The software must include features like a digital timestamp, a digital mark, and a QR code for paper invoices
- All invoice registers must be reported in real time to the tax authorities
- Companies affected by this ordinance must comply by July 1, 2025, though an extension to 2026 is anticipated due to regulatory delays
Source: pincvision.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.
Latest Posts in "Spain"
- VAT IT eezi webinar – European E-Invoicing Spotlight: Greece, Poland, Croatia & Spain (Nov 27)
- VAT Neutrality and Tax Fraud: Implications of Recent Jurisprudence
- Spain Sets Timeline for Mandatory Private Sector eInvoicing and VERIFACTU Compliance
- Cargo Manifest Guide v2.11 Released: Updates on EDIFACT, Validations, and RSS Authorization
- Spain TEAC Clarifies Plastic Tax Refunds and VAT Correction for Fraudulent Transactions
