Over the last few weeks, Bové Montero has organised several sessions to address the impact of the Royal Decree associated with the “Crea y Crece” Law, focusing on the digitalisation of tax information management and fraud prevention through mandatory electronic invoicing between entrepreneurs. Gemma Piñero (partner of Bové Montero) and Maria Gigacova (Manager of Bové Montero) were in charge of leading these sessions and experts in the field.
Although the e-invoicing system and its requirements are still awaiting final approval by the government, the draft bill offers some clues as to how it will affect the business environment. Once this law is approved, companies and self-employed workers with an annual turnover of more than 8 million euros will have a maximum period of 12 months to adapt from the publication of the law. The deadline will be 24 months for all organisations, with some exceptions.
We also talked about the R.D. 1007/2023 Regulation ¨VERIFACTU¨ invoicing systems, programmes requirements and we compared and commented on its implementation as this regulation is in parallel with the electronic invoicing.
During the session, the Bové Montero team delved into the analysis of this new obligation and answered crucial questions that affect all organisations, such as:
- How will the system work in practice?
- Which are the most common problems in the implementation of electronic invoicing and how can they be solved?
- How does the requirements relate to other tax obligations such as the ¨SII¨ (Electronic VAT)?
- Despite being an obligation, what advantages or benefits can it bring to companies, such as efficiency, cost savings, error reduction, etc.?
- Is this obligation expected to improve the relationship between suppliers and customers?
You can access the recording of the session in English by clicking on the following link.
