Verifactu implementation period begins for software vendors
On October 28th, 2024, the official approval of the Ministerial Order endorsing the Anti-Fraud Law and technical regulations for Verifactu systems has taken place. This marks the start of the countdown for software manufacturers (POS, ERP, PMS, etc.) to align their billing systems with the law's requirements. Similarly, businesses and freelancers will be required to carry out their invoicing using approved anti-fraud software, but they will have a more extended timeframe to comply.
Verifactu: implementation deadlines
The Ministerial Order's approval sets two pivotal dates:
VeriFactu will be mandatory for billing software vendors ➡️ July 29th, 2025
All invoicing software vendors (or other management software that includes the possibility of invoicing) must adhere to the technical requirements of the Anti-Fraud Law. This includes both options: invoicing with immediate sending to the tax authorities (Verifactu) and the option of electronic signature and chained hash (Non-Verifactu). The 9-month countdown to mandatory compliance begins today.
Using VeriFactu software will be mandatory for companies and freelancers
The period for mandatory adaptation for taxpayers will be defined in upcoming communications from the Tax Agency. Once confirmed, companies and professionals with an annual turnover of less than 6 million euros will be required to use anti-fraud software in compliance with the law. Taxpayers may choose either the Verifactu or Non-Verifactu mode.
Penalties for non-compliance with Verifactu
A distinctive feature of the Spanish legislation, unlike other fiscal regulations in Europe, is that in instances of manual or automatic invoicing using non-anti-fraud software, penalties will be applied to both the company or self-employed individual and the entity responsible for marketing the invoicing software employed.
On the one hand, businesses or freelancers utilizing software enabling B accounting or opting not to use anti-fraud software for invoicing (such as continuing with manual methods or Excel) will be subject to fines of up to €50,000 per year.
Non-compliant software, allowing irregularities in invoicing, may incur penalties of up to €150,000/year for the software vendor. Therefore, it is highly recommended to make sure that your company uses anti-fraud software certified by the AEAT.
On a different note, while official information is yet to be disclosed, there are indications that companies proactively adhering to the Anti-Fraud Law may receive tax deductions. This precedent has been observed with TicketBAI in the Basque Country, suggesting a similar approach for VeriFactu across the rest of Spain.
VeriFactu API: Is your software ready to comply with the Anti-Fraud Law?
SIGN ES, our VeriFactu API, is already prepared to meet the requirements of the Anti-Fraud Law. It encompasses all the requirements pre-approved in the draft regulation, and following the official endorsement of these requirements, we initiated efforts to fulfill all the additional functionalities outlined in the official regulation as soon as possible.
One integration, multiple regulations.
With SIGN ES, our VeriFactu API, you will not only ensure compliance with the Anti-Fraud Law and Verifactu but also with TicketBAI in the three provinces of the Basque Country and upcoming requirements of the Crea y Crece Law on mandatory B2B e-invoicing. Avoid fines of up to 150,000€ and ensure easy compliance with the Anti-Fraud law without the need for development or changing softwares.
