The Spanish Government has officially notified the European Commission about its intention to enforce Business-to-Business (B2B) e-Invoicing. This move aims to streamline invoicing processes for businesses operating within Spain.
Implementation timeline and requirements
Spain plans to adopt a phased approach to digital invoicing, with different timelines based on business size. Large companies with an annual turnover exceeding 8 million euros must comply with e-Invoicing requirements within 12 months of the ordinance’s official publication. Smaller enterprises with turnovers below 8 million euros have 36 months to adjust to the new mandate. This tiered implementation strategy considers the diverse capabilities and resources across the Spanish business landscape.
Strategic implications for businesses
With the notification process underway, the Government urges businesses to embed e-Invoicing systems into their operations. The move to e-Invoicing calls for proactive technology adoption and regulatory understanding. The government will soon issue detailed guidelines, helping businesses smoothly transition to the new e-invoicing requirements.
Key Takeaways
- Direct Notification to EU: Spain’s proactive notification to the European Commission marks the beginning of the implementation process for B2B e-Invoicing.
- Guidance for Businesses: The Spanish Government is expected to issue detailed guidelines to assist businesses in transitioning to the new e-Invoicing system.
The official notification can be read here.
