Wednesday 12th July, 2023
Mandatory use of e-invoicing for business-to-business transactions will soon take effect in Spain. After the Spanish Government released a draft implementing regulation outlining the main features and technical requirements of the new Spanish e-invoicing system for B2B transactions.
The new e-invoicing obligation for B2B transactions was approved though law 18/2022 last September, and will enter into force according to the following deadlines, which are linked to the approval of the implementing regulation:
i. Companies with an annual turnover exceeding €8m: one year after the date of the approval of the implementing regulation
ii. All other companies and professionals: two years after the date of the approval of the implementing regulation
The new Spanish e-invoicing system will operate through:
a. Private e-invoice platforms that are required to meet the requirements set out in the implementing regulation
b. A public e-invoicing solution that will be run by the Spanish Tax Authorities (Agencia Estatal de Administración Tributaria)
Companies and professionals affected by the new e-invoicing obligation are primarily those who are Spanish-based or have a permanent establisment in Spain intervening in the B2B transaction. According to EY Spain.