Spain: Report on compulsory electronic invoicing for traders and professionals
Decree-Law 18/2022 extends obligation to issue, submit and receive electronic invoices in business dealings to all traders and professionals
A report on compulsory electronic invoicing for traders and professionals
Decree-Law 18/2022—known in English as the “Creation and Growth” Law—published on 29 September 2022 in the official gazette extends the obligation to issue, submit and receive electronic invoices in business dealings to all traders and professionals. Read TaxNewsFlash
The new electronic invoicing regime will become effective via future implementing regulations that must be issued within six months (i.e., by 29 March 2023) and will become effective in phases, based on the revenues of the relevant traders and professionals. It is expected that the new regime will be mandatory for large corporations from the outset, with smaller enterprises given longer to adapt.
Read an October 2022 report [PDF 532 KB] prepared by the KPMG member firm in Spain that discusses the implications of the new regime
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