The Spanish government publishes a draft bill to promote B2B e-invoicing in the country.
More and more countries see B2B e-invoicing as a tool for savings and efficiency. It is also an essential step to advance in the digital transformation of the productive framework. And Spain is no exception.
Recently, European countries such as France and Poland have taken firm steps in this direction. Spain, for its part, has recently published a draft bill that includes the use of electronic invoicing between companies.
The “preliminary draft bill for the creation and growth of companies” does not provide technical details or approximate dates, but it is clearly committed to this transaction modality.
There is still a long way to go and many details to be clarified. One of the few things that the draft bill does specify is that the implementation of electronic invoicing will be gradual. Initially, B2B e-invoicing will be mandatory for large companies. Small companies will have more time to adapt to this new invoicing modality.
One of the main reasons for governments to promote the use of e-invoicing is to combat tax fraud. However, the use of e-invoicing is also beneficial for companies. The main benefits that companies obtain when using e-invoicing are: increased efficiency and effectiveness, timely payments, greater traceability and control, digitalisation and automation…
The status of electronic invoicing in Spain
Currently, B2B e-invoicing in Spain is not mandatory, but its use is permitted. In fact, many companies already use e-invoicing on a regular basis or in some of their B2B transactions.
In the public scenario, i.e. in B2G transactions, e-invoicing is regulated.
Since 2015, all public administration suppliers with invoices over €5,000 must send their invoices electronically through the facE platform. This implies that all public administrations must be able to receive and process e-invoices.
At the same time, the country’s large companies must electronically declare the details of invoices issued and received (including simplified invoices) within a maximum period of 4 calendar days, through the Immediate Information System (SII).
baVel is the leading e-invoicing platform in the travel and HORECA sector in Spain and worldwide. If your company does not yet use e-invoicing and you want to get ahead of the legislation, do not hesitate to contact us at email@example.com. You can also get more information on our website.
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See “The panorama of electronic invoicing in Europe” to find out more.