Features of the VeriFactu system

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The VeriFactu system allows companies to automatically and voluntarily send their billing records to the Tax Agency, complying with the established technical specifications. This not only facilitates compliance with tax obligations, but also improves the transparency and traceability of business operations.

In addition, VeriFactu includes advanced security measures, such as the use of electronic signatures and chained hashes, which ensure that billing records cannot be modified without leaving a trace. This helps prevent the use of double-use or sales-disguising software, which has been a problem in the past.

The VeriFactu system is characterized by a australia telegram data series of functionalities and technical requirements that make it unique and effective in the fight against tax fraud. Key features include:

Automatic generation of billing records: Every time an invoice is issued, a high billing record is generated simultaneously or immediately prior to the invoice being issued.
Integrity and record keeping: Billing records must be complete, securely maintained and accessible at all times.
Accessibility and legibility: Records must be easily accessible and legible for review and audit.
Unalterability of records: Records cannot be modified without leaving a trace, thanks to the use of electronic signatures and chained hashes.
Automatic submission to the Tax Agency: Companies can voluntarily send their billing records to the Tax Agency automatically.
When does VeriFactu come into effect?
VeriFactu is scheduled to come into force on 1 January 2025. From this date, all companies that use computer applications to issue invoices must comply with the requirements established by the VeriFactu system. This includes the automatic generation of billing records and the sending of records to the Tax Agency.