What is electronic invoicing?
Posted: Sun Dec 22, 2024 4:50 am
On the other hand, the electronic invoice , framed within the Create and Grow Law, represents a significant step towards the digitalization of billing processes .
This legislative initiative seeks to modernize and streamline tax procedures by issuing electronic invoices , including features such as QR codes to facilitate their verification.
It is important to note that, as of yet, its implementation has not yet been fully defined. The AEAT is in the process of reviewing and defining the requirements and philippines business email list procedures necessary for its widespread adoption, which is estimated to occur from 2025.
Key differences between Verifactu and electronic invoicing
Verifactu focuses on automating the process of sending invoices to the AEAT , while the electronic invoice represents a shift towards the digitalization of the invoices themselves, using electronic formats and QR codes for their identification.Therefore, electronic invoicing will be the new way of issuing invoices and Verifactu will serve to send them almost immediately to the Tax Agency so that they can activate their control mechanisms.
In summary, both Verifactu and the Electronic Invoice represent significant advances towards greater efficiency and transparency in billing and tax compliance processes.
However, it is important to note that neither of these two initiatives have been implemented yet and that the dates for which they will be lowered extend to 2025.
This legislative initiative seeks to modernize and streamline tax procedures by issuing electronic invoices , including features such as QR codes to facilitate their verification.
It is important to note that, as of yet, its implementation has not yet been fully defined. The AEAT is in the process of reviewing and defining the requirements and philippines business email list procedures necessary for its widespread adoption, which is estimated to occur from 2025.
Key differences between Verifactu and electronic invoicing
Verifactu focuses on automating the process of sending invoices to the AEAT , while the electronic invoice represents a shift towards the digitalization of the invoices themselves, using electronic formats and QR codes for their identification.Therefore, electronic invoicing will be the new way of issuing invoices and Verifactu will serve to send them almost immediately to the Tax Agency so that they can activate their control mechanisms.
In summary, both Verifactu and the Electronic Invoice represent significant advances towards greater efficiency and transparency in billing and tax compliance processes.
However, it is important to note that neither of these two initiatives have been implemented yet and that the dates for which they will be lowered extend to 2025.