What is the Spanish VeriFactu system?
Effective: 2024-07-01 · Authority: AEAT (Agencia Estatal de Administracion Tributaria)
VeriFactu (Verificable Fiscalmente Ante la AEAT) is a Spanish real-time invoice verification system requiring businesses to send invoice records to the AEAT tax authority immediately upon issuance. It is part of the Reglamento de Sistemas de Emision de Facturas Verificables. VeriFactu aims to prevent invoice fraud and undeclared income.
Which businesses must use VeriFactu?
VeriFactu applies to businesses and professionals using computerized invoicing systems for business activities in Spain. Businesses using the TicketBAI system in Basque Country or Navarra are exempt. The system requires certified billing software that automatically sends invoice records to the AEAT upon generation.
Frequently Asked Questions
- Does VeriFactu replace e-invoicing in Spain?
- VeriFactu is a real-time tax reporting obligation, not an e-invoice exchange format. Spain also has B2B e-invoicing obligations for public procurement (Facturae) and is developing broader B2B e-invoicing mandates. VeriFactu operates in parallel with e-invoicing requirements.
- What data must be sent to AEAT under VeriFactu?
- VeriFactu requires transmission of invoice records containing: unique invoice identifier, issuance date, recipient data, taxable amount, VAT breakdown, invoice hash (SHA-256 of the record), and QR code for consumer verification. Records must be transmitted immediately upon invoice generation.
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