![]() ![]() This obligation applies when the individuals have agreed to receive electronic invoices or have expressly requested them. Likewise, recipients may request copies of the invoice for a four-year period from their issuance, at no additional cost.Īlthough the obligation of electronic invoicing is only envisaged for business-to-business relations, the Law extends this requirement to certain relationships with individuals, for those companies that provide services of special economic significance, such as electronic and financial services or supplies of water, gas or electricity. The Law for the Creation and Growth of Companies (the Law) implements the mandatory use of electronic invoicing in transactions between companies and sole contractors. Indeed, the objective is using electronic invoicing for knowing the time of issuance of the invoices and when are they paid. The main aim of this Law is to prevent late payment in business transactions and promote growth. On 29 September 2022, the Law for the Creation and Growth of Companies (Law 18/2022, dated 28 September 2022) was published in the State Official Gazette and includes, among other measures, the mandatory use of electronic invoicing for transactions between companies and sole contractors. ![]() The extension of compulsory electronic invoicing to all relationships between companies and professionals, and even in certain relationships with individuals, will have a clear impact on the digitalization and modernization of Spanish companies and, in turn, will require adequate coordination with the current invoicing tax compliance obligations. The Law for the Creation and Growth of Companies which was published in the State Official Gazette will make electronic invoicing mandatory in commercial transactions between companies and professionals. ![]()
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