Find out everything you need to know about Verifactu - the new tax compliance system in Spain. From timing and technical requirements to the benefits, efsta offers you the right solution to meet the Verifactu requirements smoothly and legally compliant.
Technical standards for electronic invoicing systems published (Regulation HAC/1177/2024).
On October 28th 2024, the Spanish Official State Gazette (BOE) published Regulation HAC/1177/2024, which establishes mandatory technical standards for invoicing systems in Spain. These new regulations introduce enhanced requirements for invoicing software, with a focus on data integrity, retention and traceability to support secure and compliant accounting. In addition, the use of QR codes on invoices enables direct access to AEAT records, streamlining verification processes. You are welcome to read the full document.
Fiscalization SpainVerifactu was launched by the Spanish government to improve transparency and security in tax reporting. The standardized transmission of tax-relevant data is intended to effectively combat tax fraud and irregularities. The regulation primarily affects companies that use invoicing software to process sales and other tax-relevant transactions.
The Verifactu requirements include special protocols for secure data transmission and compliance measures.
efstaoffers you a flexible and future-proof solution that can be seamlessly integrated into your existing infrastructure.
Our experienced specialists ensure that your invoicing software complies with the new regulations - with minimal effort for your IT department.
Take the opportunity to be prepared for Verifactu in a legally compliant and future-oriented manner with efsta. Contact us for a free consultation or a no-obligation demo. We will find the right solution for your requirements in Spain.
VERI*FACTU refers to a specific type of electronic invoicing system that is recognized under Spanish law. It is designed to ensure that invoices are issued in a verifiable manner and meet certain technical and functional specifications of the tax authorities. The system aims to improve the integrity, traceability and accessibility of invoicing processes.
The most important aspects of VERI*FACTU include:
1. Technical specifications:
The system must meet certain requirements for the creation, transmission and storage of invoices. This includes the ability to connect to the Internet to communicate with the tax administration, manage electronic certificates for authentication and ensure secure transmission of invoice data.
2. Compliance with regulations:
It is assumed that VERI*FACTU systems meet certain design requirements set out in the regulations. These include maintaining the integrity and immutability of accounting records, ensuring traceability and complying with the principles of retention and accessibility.
3. Functionality:
The system must be able to carry out various actions, such as the creation of invoices in a specific format, the management of invoice documents and the secure electronic transmission of these documents to the tax authorities.
4. Independence for multiple users:
If a single system is used by multiple taxpayers, it must operate as if it were independent for each taxpayer, ensuring separate management of accounting records and compliance with the relevant rules for each entity.
The VERI*FACTU system affects several stakeholders involved in the invoicing and tax process in Spain. The main groups affected include:
Taxpayers:
Companies and individuals who issue invoices must comply with the VERI*FACTU regulations. This includes ensuring that their invoicing systems comply with the technical specifications and functional requirements laid down by the tax authorities.
Software developer:
Companies that develop invoicing software must ensure that their products are compatible with the VERI*FACTU requirements. This includes implementing the necessary functions for secure transmission, data integrity and compliance.
Tax administration:
The tax authorities are responsible for monitoring compliance with the VERI*FACTU system. They require that all billing systems used by taxpayers comply with the established guidelines, which helps them to monitor and verify tax compliance more effectively.
Accountants and financial experts:
Professionals responsible for corporate accounting and financial reporting need to be aware of VERI*FACTU requirements to ensure that their clients' billing practices are compliant.
Consumer:
While consumers are not directly affected by the technical aspects of VERI*FACTU, they benefit from the increased transparency and security in billing practices, which can help reduce fraud and ensure proper tax collection.
The software used for the VERI*FACTU system must fulfill several technical requirements to ensure compliance with the regulations set by the tax authorities.
The most important technical specifications include
1. Internet connection:
The system must be able to connect to the Internet in order to communicate with the electronic services provided by the tax administration for the transmission of invoice information.
2. Management of electronic certificates:
The software must manage electronic certificates for authentication purposes. These certificates are required for the secure connection with the tax administration and for the creation of electronic signatures for invoices and related records.
3. Secure transmission:
The system must be able to transmit invoice records using secure communication protocols. This includes compliance with specific formats, structures and coding requirements for the data sent.
4. XML format for invoices:
The transmission of accounting documents to the tax authorities must be carried out using XML messages that comply with the content and structure specified in the regulations.
5. Flow control mechanism:
The software must implement a flow control mechanism that regulates the time interval between submissions and the maximum number of data records permitted in each submission. This time interval is initially set at 60 seconds.
6. Independence for multiple users: If the software is used by multiple taxpayers, it must operate independently for each taxpayer to ensure separate management of accounting records and compliance with the relevant regulations for each entity.
7. Data integrity and security:
The system must guarantee the integrity and immutability of invoice documents and ensure accurate and secure data throughout the invoicing process.
8. Traceability:
The software must provide invoice traceability mechanisms that enable the tracking and verification of all issued invoices and related transactions.