Our partner Albert Folguera has published an article in Expansión as a member of the Group of Experts on Indirect Taxes of AEDAF Catalunya – Spanish Association of Tax Advisors, together with Maite Vilardebó and Fernando Matesanz.
In their article, the three experts examine the differences between Verifactu and the upcoming mandatory e-invoicing requirement — two separate yet complementary initiatives that form part of Spain’s ongoing digital transformation of its tax system.
Verifactu, already in force, aims to reduce tax fraud through certified invoicing software that prevents dual-use systems and ensures the traceability of every invoice.
Meanwhile, mandatory e-invoicing, still awaiting regulatory development, is designed to combat late payments and improve transparency in business-to-business transactions.
The authors note that both systems have different objectives and timelines, but companies will soon need to make strategic decisions on how to adapt — whether by implementing the SII or adopting the new Veri*factu systems.
As they conclude, now is the time to plan and invest in invoicing solutions that will ensure compliance and support a more efficient, digital way of managing tax obligations.
At addwill, we can help you assess how these changes may affect your business and prepare for Spain’s new digital invoicing framework. Contact us to learn more.
