How Verifactu will affect Spanish SMEs and self-employed after its delay
The Government's delay in bringing the Verifactu e-invoicing system into force gives firms and the self-employed more time, but fuels uncertainty over its rollout.
The Spanish government has delayed the launch of Verifactu, an electronic invoicing system aimed at enhancing tax control over businesses and self-employed individuals, until 2028. Originally set for 2026, the system requires invoices to be issued through certified software ensuring the authenticity, integrity, and traceability of records, as part of the government's efforts to combat tax fraud.
While the additional year provides more time for small businesses to adapt, concerns about confusion over technical requirements and implementation deadlines persist. Organizations representing self-employed workers and the business community have expressed worries about the lack of clarity, despite the Ministry of Finance's recognition of the extension as a crucial tool for millions of taxpayers.
Nonetheless, Verifactu remains a significant structural shift in Spain's tax system, impacting the majority of the business sector as the country strives to digitize its economy and increase fiscal transparency.
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