- Spain’s Council of Ministers approved a mandatory B2B e-invoicing system to accelerate business digitalization, reduce late payments, and improve cash flow, especially for SMEs.
- Implementation is phased: companies with over €8 million annual revenue must comply within one year; all others within two years, starting from the publication of a ministerial order.
- The system requires structured, machine-readable invoices and full traceability of invoice status, with reporting of acceptance and payment dates.
- E-invoices can be exchanged via interconnected private platforms or a free public platform developed by the Spanish tax authority.
- Technical details and registration/testing requirements will be defined in an upcoming ministerial order; the mandate is separate from the Verifactu project.
Source: kpmg.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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