As we have already mentioned before, with the Create and Grow Act, approved in September 2022, all companies and freelancers will be required to use electronic invoicing in their B2B transactions.
(Do you want to know what an electronic invoice is? We'll explain it to you in 1 minute)
When will electronic invoicing be mandatory in Spain?
In Spain, even if the law has already been approved, definitive confirmation of the mandatory date for electronic invoicing is pending. What is known is that:
- Companies with a turnover of more than 8 million euros: They have a deadline of one year after the regulation is approved.
- Companies and freelancers with a turnover of less than 8 million euros: in this case, they will have two years to comply with the law.
This means that the time for the transition is now. Our recommendation for a simple transition plan Follow these steps:
1. Know the regulations according to the needs of the company
In Spain, we know that the Create and Grow Act is the main reference. But if your company invoices in other countries, this will have to be taken into account to adapt the system to the requirements of each country. For example, with our Invictia connector, you can bill globally, without leaving SAP.
2. Select an e-billing provider
Choose a platform or software that meets legal requirements and is easy to integrate with your current systems. In Brait we can advise you on the most suitable solutions for your company's needs.
3. Adapt your internal processes
Train your team to use the new tools, if appropriate. If you adopt our Invictia solution, training is minimal, since there is no need to leave your SAP system.
4. Ensures data security and other compliance
Make sure that the selected provider offers high security standards to protect the confidential information of your company and customers. Above all, if you are going to invoice in different countries, this is particularly important, since you must also comply with the archiving of invoices for a certain period of time in the law.
Mandatory electronic invoicing in Europe
The mandatory nature of electronic invoicing is now a certainty in almost all of Europe. Although the transition is taking place in a phased manner, depending on the particularities of each country.
If you need information about e-Invoicing in Europe, here is a list of some countries and their updates:
E-Invoicing in Germany
Electronic invoicing in France
Electronic invoicing in Belgium
E-invoicing in the Baltics (Estonia, Latvia, Lithuania)
E-Invoicing in Poland
Adopt mandatory electronic invoicing with Brait
Don't wait any longer to adapt your system. In Brait, we're here to help you take the next step.
We offer comprehensive solutions that simplify this implementation by integrating different solutions and tools to meet all the needs of your company.
Why Brait for mandatory electronic invoicing?
- Easy integration
- Fast and agile deployment without affecting workflow
- Process automation
- Guaranteed compliance with the law in Spain and with more than 100 international regulations
- Security
- Specialized technical support
Contact us today and find out how we can ease your transition to electronic invoicing!
