Under Law 11/2021, the Spanish government has made it compulsory for companies to use approved Computerised Invoicing Systems (CIS) to combat tax fraud.
The “VerifActu Regulation”, effective from 7 December 2023, requires invoices to be fully traceable, immutable and automatically transmitted to AEAT.
This regulation is set out in Royal Decree 1007/2023, which requires it to be adopted with “a series of deadlines”, synonymous with a transition period for this system to avoid possible penalties until 1 July 2025.
The adoption of VerifActu also means that companies will be able to benefit from a :
- Improved data integrity
- Potential reduction in billing errors
- Stricter, and therefore more effective, tax compliance
This measure is in line with international standards of transparency and fiscal responsibility, strengthening Spain’s position on the global economic stage.
For more information, or to prepare your company for this transition, don’t hesitate to contact our experts.
