Spain Implements Mandatory Verifactu Invoicing Software for Tax Compliance by 2025

• 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.

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