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Spain takes a step towards digitalisation of the invoicing function

  • Spain has published a royal decree approving the regulation for computer billing systems, which will be in force from July 2025.
  • The regulation aims to prevent manipulation of accounting, invoicing, or taxation data.
  • It requires electronic invoicing systems to have specific features, such as creating journal entries for each invoice action and connecting in real time with the tax administration.
  • However, there are concerns about the scope of the regulation and its integration with existing systems.
  • This regulation is closely related to the likely approval of mandatory electronic invoicing between taxable persons. The combination of these regulations, along with the existing SII system, will result in a large amount of information being sent to the tax administration.
  • This poses a significant challenge for the world of VAT.

Source International Tax Review

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