Mandatory Spanish eInvoicing on the horizon

In April last year, a committee of tax experts was formed to examine the entire Spanish tax system for the purpose of preparing a major tax reform. On the 3rd of March 2023 the Spanish Minister of Finance has received from this committee a 786-page report which focuses on environmental taxation, harmonization of property taxation, corporate taxation, the digitalized economy and promoting innovation. Recommendations include expanding the SII system to include all companies, regardless of turnover.

Reforming the Spanish VAT system

In December of last year, the Council of Ministers approved a legislative of a proposal aiming to reform the Spanish VAT system. This is now on the docket at the Spanish Parliament. Notably, this legislative proposal includes mandatory eInvoicing as early as 2023.

• For taxpayers, whose annual turnover exceeds eight million euros, eInvoicing becomes mandatory one year after the law is passed.
• For the rest of the companies and freelancers, this obligation will take effect two years after the law is passed.

While the entry into force is subject to obtaining a derogation of article 232 of the EU VAT Directive, the time between Italy’s request for a derogation of article 232, and the publishing of the official EU regulation was 7 months. Spanish eInvoicing can arrive sooner than expected.

Pincvision takes care of your SII reporting and help you manage the transition to eInvoicing

With our VAT compliance solutions you are sure that you are compliant, even when regulations change on short notice. We take care of all your VAT returns. Interested in learning more about our approach to your SII VAT reporting, or about one of our other services? Don't hesitate to contact us.

29 Mar 2022 at 2:53 pm
2 min
Published by:
Laurens van de Leur
Sr. VAT Compliance Specialist
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