Type: Legislation
Spain has updated its legislation for mandatory B2B e-invoicing, with the new requirements coming into effect from January 2024. The implementation will follow a two-phased approach: starting with large taxpayers (those with a turnover above €8 million) in July 2025, followed by all other taxpayers 12 months later. The e-invoicing system will use a decentralized Continuous Transaction Control model, allowing submissions via public portals or certified third-party agents. The e-invoices must adhere to specified formats, such as UBL, Facturae, CII, or EDIFACT. This initiative aims to enhance tax compliance and reduce VAT fraud.
Effective date: January, 2024
