On the 29th of September of 2022, the “Crea y Crece Law” was published in Spain (Disposición 15818 del BOE núm. 234 de 2022). According to it, all Spanish companies will be obliged to issue electronic invoices in their B2B relations.
What is electronic invoicing? What are the timings considered by the law? What can I do to prepare myself?
An electronic invoice is a document with the same validity as a paper invoice, but which is issued and received electronically.
There is no universal e-invoicing format and, although there are some international protocols such as EDIFact or PEPPOL, most countries that have implemented e-invoicing have defined their own structure based on the XML format.
Furthermore, certain countries have taken advantage of the benefits of electronic invoicing to add additional requirements such as digital signatures or “stamping” with that country’s tax authorities.
In addition to electronic invoicing, countries usually define portals/channels for the automated delivery of electronic invoices for each business.
In Spain, electronic invoicing has been compulsory since 2015 for all Public Administration suppliers (B2G) whose invoices exceed €5,000. According to the new law, it will be mandatory for all B2B invoices. However, Spain has not yet defined the specific format it will require for B2B invoices.
The law estipulates three future periods of time:
Presumably, all countries will end up including some level of mandatory e-invoicing in B2B commercial relations and, in the longer term, in B2C.
At Invopop, we have created a platform to automate and scale the generation, management, storage and configuration of invoices and e-invoices. Get in contact with us to learn more about how we can help you prepare for this change.
Write to us at invopop/contact to find out more!
For a more connected business world, where companies interchange electronic documents without the tedious manual activities.
