Spain’s new electronic invoicing system, called Verifactu, has been developed by the national tax office. It requires that invoices issued by companies, SMEs, and self‑employed professionals using certified invoicing software are fully traceable, immutable, and electronically verifiable. For many businesses, including large and small real estate companies, Verifactu represents a significant operational shift, affecting not only accounting processes but also day-to-day administrative procedures.
After complaints by mainly self-employed individuals, the Spanish Government has postponed the mandatory introduction of Verifactu by one year. The revised deadlines are:
– 1 January 2027 for companies subject to Corporate Tax.
– 1 July 2027 for SMEs, self‑employed professionals, and other users of invoicing software.
Businesses using non‑certified software will need to upgrade, which may involve both financial cost and staff training. Small firms with basic or manual billing processes may face operational and administrative hurdles.
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