Spain initiates work to introduce mandatory B2B e-invoicing

The Spanish Ministry of Economic Affairs and Digital Transformation will create a “National Debt Observatory” that will monitor payment transactions.

The scope and the timelines

All transactions between companies and self-employed will fall into the scope of the new draft law. Once the draft law gets approved and published on the BOE (State Official Bulletin), the implementation timeline is as follows:

• Taxpayers with annual turnover above EUR 8 million: no later than o…