Verifactu

TEACHING UNIT 1. LEGAL FOUNDATIONS AND PURPOSE OF THE VERIFACTU SYSTEM Context of the fight against tax fraud in Spain Introduction to formal tax obligations Guiding principles of the system: integrity, traceability, and transparency Objectives of Verifactu Compared to the Traditional Invoicing Model Role of the Tax Agency in Verifying and Maintaining Records Implications for Taxpayers: Self-Employed Individuals, SMEs, and Legal Professionals TEACHING UNIT 2. LEGISLATIVE DEVELOPMENT AND REGULATORY FRAMEWORK Legal Analysis of the Draft Verifactu Royal Decree Coordination with the Invoicing Regulation Link to the Anti-Fraud Law Compatibility with regional and European systems Obligations of invoicing software manufacturers and distributors Penalty regime: violations and fines for noncompliance TEACHING UNIT 3. ARCHITECTURE AND OPERATION OF THE VERIFACTU SYSTEM Technical structure of the system: generation, registration, and transmission of invoices Operation of automatic transmission to the Tax Agency Concept of invoice registration and associated metadata Identification code and tamper-proof mechanisms Role of the QR code and customer verification Communication between the invoicing software and the AEAT’s electronic portal TEACHING UNIT 4. TECHNICAL REQUIREMENTS FOR INVOICING SOFTWARE Requirements that a Verifactu program must meet Data formats, XML/JSON structure, and communication protocols Digital signature, time stamping, and integrity checking Systems for the issuer to retain and safeguard records Integrity validation by the Tax Agency Verifactu Software Approval and Certification Procedure LEARNING UNIT 5. OBLIGATIONS AND RESPONSIBILITIES OF THE PARTIES INVOLVED Obligations of the Invoice Issuer Under the Verifactu System Responsibilities of software developers and distributors Taxpayers’ obligations regarding record retention and access to information Relationship with the tax advisor and duty of professional diligence Tax audit and inspection procedures in the Verifactu environment LEARNING UNIT 6. IMPLEMENTATION AND BUSINESS ADAPTATION TO THE SYSTEM Timeline for Entry into Force and Adaptation Deadlines Planning the Migration from Previous Invoicing Systems Compliance and Internal Audit Strategies Risk Assessment and Internal Controls in Tax Matters Recommendations for the Technological Adaptation of SMEs and Self-Employed Individuals LEARNING UNIT 7. VERIFACTU AND ITS RELATIONSHIP WITH OTHER TAX INFORMATION SYSTEMS Differences and similarities between Verifactu and the Immediate Information Reporting System Coordination with TicketBAI and other regional models Interoperability with European electronic invoicing platforms Integration with corporate accounting and ERP systems Relationship with mandatory electronic invoicing and the “Crea y Crece” Law Impact on VAT traceability and real-time control TEACHING UNIT 8. FUTURE OUTLOOK AND LEGAL-TAX IMPLICATIONS Impact of the Verifactu system on the self-employed, SMEs, and large companies Tax and evidentiary consequences of verified invoices Effects on audit procedures, appeals, and documentary evidence Adapting tax compliance to the new digital environment Technological innovation and anticipated regulatory developments starting in 2026 Final conclusions and challenges for legal and tax advisory professionals