Fiscal subject related
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If we briefly analyse the draft, we can see certain changes in deadlines. The deadlines will start calculating when the Royal Decree gets approved and published in the BOE (Official Gazette), which is expected to happen this year, and they are divided depending on the turnover of the taxpayer:
- Legal entities and sole traders with an annual turnover of >8 million EUR in 1 year
- Legal entities with annual turnover < 8MEUR in two years.
- Sole traders with annual turnover < 8 million EUR for 2 years
- Sole traders with annual turnover < 8 million EUR for 3 years
Other news from Spain
New document was uploaded: Digital Product Passport
Do you even know what DPP is? Digital Product Passports (DPP) are set to play a crucial role in the European Union’s commitment to a circular economy. The purpose of this document is to provide you with a necessary overview of the upcoming Digital Product Passport requirements set to be implemented by the European Union. Read more
Invoicing log designs: Draft Document Update in Spain
The Spanish Tax Administration (AEAT) has recently updated an Excel document that describes sending data to the VERIFACTU system (v0.11.4). Two fields that were optional until now are now alternatives. Let's delve deeper into this subject. Read more
Fiscalization in Spain: Can SIF be Verifactu, non-verifactu, or both?
As we have introduced before, the fiscalization in Spain can be VeriFactu, where receipts and their records are sent in real-time, or non-VeriFactu. But the question arises: what needs to be supported? The confirmation came from AEAT, which states that the SIF can be only Verifactu (exclusively allowing use as VERI*FACTU) or "dual" (allowing to be used, at the taxpayer's choice, as VERI*FACTU AND... Read more
Is it allowed for taxpayers to transfer receipts (invoices) for accounting purposes to an external company, in accordance with fiscalization requirements in Spain?
The traceability of receipts or invoices is one of the main requirements of the new fiscalization system in Spain. It is materialized through the chaining that the SIF makes of the billing records. What does this actually mean? it is limited to the SIF. Once the records are duly chained and generated (and signed or sent to the AEAT), the regulation and order do not enter into what is subsequently... Read more
VERIFACTU chaining transactions, initial record
Billing record traceability refers to the process where each billing record in a series includes a reference to the previous one chronologically. This sequence of billing records ensures their traceability, particularly for those generated by the computer system. Read more in order to find out about the criteria that must be met. Read more
Does a QR code have to be present if there are no real-time receipts (invoices, no-Verifactu) in the new fiscalization system in Spain?
Yes, the QR code is a mandatory requirement for both Verifactu and non-Verifactu systems that must be presented on receipts (invoices). If the QR is scanned, the AEAT will know if it has been generated by a Verifactu (which will have sent the corresponding billing record) or a No Verifactu (which will not have sent it and must keep it locally), responding accordingly. If we consider the purpose of... Read more