- The “Ley Crea y Crece” introduces mandatory electronic invoicing for B2B transactions between businesses and professionals, requiring them to issue, send, and receive e-invoices.
- The rule is intended to boost digitalization, reduce transaction costs, increase transparency in commercial dealings, and help combat late payment.
- Providers of electronic invoicing systems must ensure free interoperability and interconnection between platforms, and users must be able to access, read, copy, download, and print invoices at no extra cost.
- Recipients may request a copy of an electronic invoice free of charge for up to four years after issuance, and consent to electronic invoicing can be withdrawn at any time through simple, free procedures.
- Non-compliance can lead to warnings or fines of up to EUR 10,000; the publication of the implementing rules starts the phased deadlines for companies and self-employed persons to adapt their invoicing systems.
Source: ayming.es
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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