In recent years, the Spanish tax administration has introduced the VERI*FACTU system to improve the efficiency and security of electronic invoicing. This system creates a framework that companies must follow to ensure tax compliance. Below we summarize the most important aspects of the law and address common questions about its impact and technical requirements.
VERI*FACTU stands for "Sistemas de emisión de facturas verificables", which translates as "systems for issuing verifiable invoices". This system is intended to regulate how invoices are created, transmitted and stored and to ensure that all electronic invoicing procedures comply with the standards set by the Spanish tax authorities.
The system affects taxpayers, software developers, the tax administration, accountants and indirectly also consumers, who benefit from greater transparency. Developers must ensure that their software meets the technical requirements, while companies are responsible for compliance with their invoicing processes.
To meet the requirements, invoice software systems must meet various security standards, including the management of electronic certificates, secure transmission protocols and data integrity. All invoices must be provided in XML format and be traceable to ensure clear transparency for the tax authorities.
The VERI*FACTU system ensures that invoices in Spain are created and transmitted according to strict standards. The process includes the creation of compliant invoices, secure authentication, data transmission and compliance monitoring by the tax authorities. These steps ensure that all relevant information is stored correctly and traceably.
Find out more important information on our Verifactu page and get comprehensive information about requirements, deadlines and implementation options or contact our team of experts today for individual questions.
