The Spanish Government published a draft version of the Royal Decree that develops article 12 of Law 18/2022, on the creation and growth of companies with the aim of establishing the Spanish system of mandatory B2B electronic invoicing. The regulation will be effective 12 months after its publication on the Spanish official Gazzete (BOE).
The main points of this draft regulation are:
- Regulating the obligation of private electronic invoicing platforms to accept interconnection requests made by any other private platform.
- Creating the public electronic invoicing solution that the State Tax Administration Agency will manage.
- Regulating the obligation to report on the time of effective payment of the invoices received while enabling the ways to do so. This obligation is modulated according to the size of the companies.
- Establishing the requirements to operate as an electronic invoice exchange platform.
Currently, the draft regulation is open for comments from the general public until July 10, 2023. The text of the draft regulation can be found here.
