Spain Sets Deadline for Mandatory VAT Certification by 2025

"Spain Implements New Certified Billing Obligation to Combat Tax Fraud and Boost Digitalization"

Spain has recently introduced a new certified billing obligation, known as “Reglamento Veri*factu”, which requires taxpayers’ billing software to comply with specific requirements by July 2025. This regulation aims to combat fraud and tax evasion, while also promoting the digitalization of businesses. The implementation deadline for software developers is nine months, and taxpayers must adapt to the requirements by July 1, 2025. However, it is important to note that this obligation applies only to taxpayers subject to certain taxes, with some exceptions.

The “Reglamento Veri*factu” sets out a defined format and structure for billing records, as well as computer security elements. By standardizing the billing process, the Spanish government hopes to create a more efficient and transparent system. This will not only help in detecting and preventing fraudulent activities but also facilitate the digital transformation of businesses in the country.

Software developers have been given a nine-month deadline to ensure that their billing software meets the requirements set out in the regulation. This includes implementing the necessary changes to comply with the defined format and structure for billing records, as well as incorporating the required computer security elements. It is crucial for developers to meet this deadline to avoid any penalties or disruptions in their operations.

Taxpayers, on the other hand, have until July 1, 2025, to adapt their billing processes and software to comply with the new regulation. This means that businesses need to review their current invoicing systems and make the necessary adjustments to ensure they meet the specified requirements. It is advisable for taxpayers to start the process as early as possible to avoid any last-minute rush and potential non-compliance issues.

It is worth noting that the “Reglamento Veri*factu” not only impacts the billing software used by taxpayers but also has wider implications for general invoicing requirements in Spain. The regulation sets out key requirements that need to be met by the billing software, such as the inclusion of specific information in the invoices and the use of electronic signatures. These requirements aim to standardize the invoicing process and make it more secure and reliable.

The introduction of this certified billing solution mandate is a significant milestone for Spain. It reflects the government’s commitment to combating fraud and tax evasion, as well as its efforts to promote digital transformation and streamline services. By implementing a standardized billing system, the Spanish authorities aim to create a more transparent and efficient business environment.

In conclusion, the “Reglamento Veri*factu” introduces a new certified billing obligation in Spain. Taxpayers’ billing software must comply with specific requirements by July 2025, with the aim of combating fraud, enhancing digitalization, and streamlining services. Software developers have a nine-month deadline to implement the necessary changes, while taxpayers have until July 1, 2025, to adapt their billing processes. This regulation marks a significant milestone in the country’s efforts to create a more efficient and transparent business environment.

Barry Caldwell

Barry Caldwell

Leave a Replay

Sign up for VAT News Updates

Click edit button to change this text. Lorem ipsum dolor sit amet, consectetur adipiscing elit