- Spain’s Ministry of Economic Affairs has launched a second public consultation on its upcoming B2B electronic invoicing mandate, aiming to clarify regulations and align with the EU’s VAT in the Digital Age (ViDA) initiative, emphasizing the importance of compliance for businesses, especially large enterprises and SMEs.
- Key updates include the mandatory adoption of the Universal Business Language (UBL) format for electronic invoices, the requirement to submit a “faithful copy” of invoices in UBL format to the central platform, and the removal of exemptions for voluntary invoicing, ensuring all B2B transactions comply with the mandate.
- Implementation timelines have been clarified: large companies must comply within one year of the Ministerial Order approval, while SMEs have two years, with private service providers required to support multiple formats and ensure interoperability with the public electronic invoicing platform.
Source: RTCsuite.com
Click on the logo to visit the website
Latest Posts in "Spain"
- Understanding Spain’s Royal Decree 1007/2023: Digital Billing Records and Fiscalization Compliance
- Restored VAT Rates Boost Spain’s Revenue by €1.67 Billion Amid Strong Economic Growth
- Verifactu: progress in digitalization or new burden for companies?
- Understanding Spain’s Verifactu and SII: New E-Invoicing Rules and Business Obligations from 2026
- Canary Islands Updates IGIC SII Rules: New Reporting Fields Effective October 2025
