The Spanish government has recently released a draft of its new regulation on electronic invoicing, which is set to take effect on June 15, 2023. While there are some similarities with the French e-Invoicing mandate model, there are also many unique aspects to consider.
Under the new regulation, electronic invoicing will be mandatory 12 months after the publication of the royal decree in the Official Gazette of the state. This means that businesses will need to prepare for the transition to electronic invoicing in advance to avoid any issues with compliance.
One of the most significant changes that businesses will need to adapt to is the obligation for the receiver of the invoice (i.e., the buyer) to inform their supplier about the acceptance, rejection, and payment of the invoice. The invoice status must be sent within four days, which may require businesses to make changes to their invoicing systems and processes.
In addition to these requirements, the new Spanish regulation also includes specific provisions for electronic signatures, archiving, and the use of third-party service providers. Businesses will need to ensure that they are compliant with all of these requirements to avoid any potential penalties or legal issues.
Overall, the new Spanish regulation on electronic invoicing represents a significant change for businesses operating in the country. While there are some similarities with other European countries’ e-Invoicing mandate models, there are also many unique aspects to consider. Businesses will need to start preparing for the transition to electronic invoicing well in advance to ensure compliance with the new regulations.
