- VeriFactu Compliance Requirements: Multinational companies operating in Spain must ensure their invoicing software complies with the VeriFactu Ordinance, which applies specifically to Spanish subsidiaries and branches subject to local tax regulations. Key deadlines for compliance are January 1, 2026, for subsidiaries and July 1, 2026, for branches.
- Challenges with Centralized Invoicing Solutions: Multinational groups using centralized ERP systems may struggle to adapt their software to meet VeriFactu requirements due to the lack of flexibility for timely updates. This is particularly challenging if the invoicing software is internally developed or provided by a common supplier.
- Practical Alternatives for Compliance: Companies facing compliance challenges can pursue one of three alternatives: develop necessary functionalities internally, integrate external modules to meet VeriFactu requirements, or voluntarily register for the Immediate Supply of Information (SII) system, which would exempt them from VeriFactu obligations. IVA Consulta offers support in analyzing and implementing these solutions.
Source ivaconsulta
Latest Posts in "Spain"
- VAT: Inclusion of Lump-Sum Compensation in REAGP Exclusion Threshold Calculation for 2025-2026
- Spain introduces extraordinary SII exit window after VERI*FACTU delay
- Spain Supreme Court Confirms Full Regularisation Principle Applies in VAT Audits and Refunds
- Spain Clarifies Reduced VAT Rate Rules for Real Estate Leases and Sales in 2025
- Extraordinary 2026 Waiver and Deregistration from ISI and Monthly VAT Refund Regime under New Law
