Implement the VeriFactu system

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samiaseo33
Posts: 21
Joined: Sat Dec 14, 2024 3:30 am

Implement the VeriFactu system

Post by samiaseo33 »

As in the human resources department, technology has been integrated into key areas for financial well-being such as accounting. However, if you are thinking of implementing an ERP in this sector, it is important that you pay special attention to the new Anti-Fraud Law . With this regulation, the Government of Spain has promoted the so-called verifactu system for companies . A mandatory technology that serves to prevent tax fraud related to company invoices.

The VeriFactu system is regulated by the phone number database india tax authorities and is officially certified by the AEAT . This technology guarantees the veracity and regulatory compliance of all invoices issued by a company. The aim is to reduce fraudulent and evasive practices that undermine the Spanish economy, by sending these invoices directly to the Treasury records. In this way, it is easier for the Tax Agency to accurately monitor the economic activity of the country's corporations and detect irregular actions.

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So, when you are going to invest in an accounting or tax management ERP, it is essential that you check whether it is adapted to the VeriFactu system and, therefore, complies with the Anti-Fraud Law. As this is a recent regulation that will begin to apply at the beginning of 2025, there are many software providers that have not implemented this technology in their programs. Do not let the law surprise you and turn directly to those business management software experts who are several steps ahead. Your corporate integrity cannot be on the ropes under any circumstances!
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