The regulation setting the date on which companies will be required to have a VeriFactu billing program is still pending approval.
Start of marked textTWEET IT! What are verifiable invoice issuing systems or VeriFactu systems and what are their characteristics?End of marked text
The draft of the new regulation that will govern the requirements that computer systems and applications that support companies' billing processes must meet has been published .
This publication was a necessary step since, as we discussed in the publication on the anti-fraud law , there were still issues pending development.
YOU MAY BE INTERESTED! Following the publication of the measures to prevent and combat tax fraud included in Law 11/2021, of July 9, the Software Certification Regulation is now being published. It develops the specifications of the prohibition of dual-use billing programs introduced by the Anti-Fraud Law in July 2021.
LEGAL NEWS! Do you have any questions? Check out the summary of the Software Certification Regulation prepared by the Sage Legal Team.
Main issues that the regulation will clarify for us
Firstly, the regulations of the anti-fraud law detail the requirements that software and systems intended for company invoicing must meet. In order to guarantee:
Integrity.
Traceability.
Accessibility.
Conservation.
Billing software must meet these 3 basic requirements:
Ensure the inalterability of your records.
Include a QR code.
Ability to automatically send the record oil and gas email list to the Tax Agency.
The regulation setting the date by which companies will have to adapt is still pending approval. By that date, all companies must have software adapted to the requirements of the regulations in operation.
Finally, we need to include a new definition in our vocabulary: verifiable invoice issuing systems or VeriFactu systems .
The regulation setting the date by which all companies and professionals issuing invoices must use a verifiable invoice issuing system is still pending approval.
Sage
What are verifiable invoice issuing systems?
If as a company, you have software that:
It complies with the requirements set out by the anti-fraud law .
It allows you to automatically, directly and instantly communicate invoices issued with the tax authorities.
