Further postponement of the Verifactu Regulation: mandatory implementation is delayed until 2027
On 2 December 2025, the Council of Ministers approved a further postponement of the Verifactu Regulation, once again delaying its entry into force until 2027. The measure is set out in Royal Decree-Law 15/2025, published in the Official State Gazette (BOE) on 3 December 2025. This decision represents a further change to the timetable for the roll-out of the Veri*factu systems and certified invoicing software, which form part of the government’s strategy to strengthen tax control and reduce fraud.
Digital Taxation: From Mandatory Electronic Invoicing to New Tax Reporting Obligations for Platforms
The invoices should be generated in a structured format digital and across platforms approved.
AI in legal practice
One of the terms that has recently been entering our vocabulary is «artificial intelligence»; this intangible tool is not only helping us in our daily lives but also in the business world and, of course, in legal consultancy. AI in software companies: In this sector, 100% has been fully committed to implementing […]
Form 721: Informative declaration regarding virtual currencies held abroad
If you hold more than €50,000 in cryptocurrencies held abroad as at 31 December 2023, you must submit Form 721 between 1 January and 31 March 2024. Avoid penalties by filing your return on time via the Tax Agency’s Online Portal.
Electronic invoicing: SMEs and the self-employed
With regard to electronic invoicing and the enquiries you have sent me, I would like to highlight the following points. As of today, the Regulations implementing the ‘Crea y Crece’ Act have not yet been approved or published in the Official State Gazette (BOE), so it is not yet known when the regulations will come into force, but everything […]
Possibility of a refund of Wealth Tax (2021 and 2022)
Wealth tax paid for the 2021 and 2022 tax years could be refunded if it is ruled unconstitutional.
More flexible payment deferrals from the AEAT
With regard to Order HFP/311/2023 and its two amendments – No. 1/2023 of 31 March and No. 2/2023 of 3 April – issued by the AEAT, which came into force on 15 April 2023, there will be greater flexibility regarding the payment of debts through deferrals and instalment plans, amongst other measures; of particular note are the […]
Changes to corporation tax with effect from 1 January 2023
The 2023 General State Budget Act introduces changes to corporation tax, specifically regarding the reduced tax rate and accelerated depreciation for certain vehicles. The tax rate is reduced from 25% to 23% for taxpayers with a net turnover (INCN) for the previous tax year […]
Tax implications of the ‘second chance’ scheme
In previous posts, we have discussed the ‘Second Chance’ procedure, an insolvency procedure designed for individuals, which aims to provide significant debt relief to those who are heavily in debt or unable to meet their payments, allowing them, in theory, to start afresh without the burden of becoming […]
Reduction in surcharges for late submission of tax returns
Law 11/2021 of 9 July on Measures to Prevent and Combat Tax Fraud introduced a significant change to the system of surcharges for the late submission of self-assessment returns and tax returns without prior notification from the tax authorities. Article 27 of the General Tax Law (LGT). The system of surcharges is amended by establishing a system of […]