Key Features of Invoicing Apps for Spain
Choosing an invoicing app for Spain requires prioritizing features that ensure compliance with local tax regulations. A must-have is VeriFactu compliance, a new e-invoicing framework by the Spanish Tax Authority (AEAT) designed to combat fraud and ensure invoice traceability. Compliant software must generate tamper-proof invoices, include a QR code, and bear the "VERI*FACTU" label. Businesses subject to Corporate Income Tax must comply by January 1, 2027, and self-employed individuals by July 1, 2027. Apps should also offer seamless integration with FACe (Punto General de Entrada de Facturas Electrónicas), Spain's official platform for electronic invoicing to public administrations (B2G), using the mandatory Facturae format. Essential functionalities include automatic VAT (IVA) and IGIC calculations; Spain's standard VAT rates are 21%, 10%, and 4%, with IGIC applying in the Canary Islands. Finally, support for Spanish tax fields like NIF/CIF (Tax ID), legal addresses, sequential invoice numbers, issue dates, and clear breakdowns of tax bases, VAT, and IRPF (Personal Income Tax withholding, typically 15% or 7% for new freelancers) is crucial.