The Treasury delays the entry into force of the Verifactu billing system for self-employed workers and SMEs by one year
He Treasury will delay the entry into force of the new one year Verifactu invoice verification system to facilitate the adaptation of companies, as confirmed by Treasury sources.
The President of the Government, Pedro Sanchezhas announced that the royal decree law that the Council of Ministers will approve this Tuesday to fulfill pending commitments with Junts will include an extension of the deadline for the digitalization of companies’ billing processes in tax matters.
Treasury sources have specified that this extension will be for one year, which implies that The new Verifactu system will not be mandatory for professionals and companies until January 1, 2027 if they are taxed in corporate tax and on July 1 for the rest.
The Verifactu invoice verification system establishes that computerized billing systems must generate a record that cannot be modified or deleted and that it must be accessible to the Tax Agency, either by sending the information directly or keeping it stored in secure conditions.
These new requirements are mandatory for all professionals and companies that use billing software -except those assigned to the immediate provision of information and residents of the Basque Country and Navarra-, so they do not affect those who invoice manually.
The entry into force of these new obligations was scheduled for January 1 of next year for those who pay corporate tax and July 1 for the rest, but now it is delayed one year. Sánchez has also announced that The royal decree law will make financially sustainable investments more flexible for city councilswhich are those that do not count for the expense rule.
In this way, the town councils will have more “ease to invest in projects that do not involve current expenses”such as “housing construction” or water management, without failing to comply with their tax obligations.
