Regulations and taxation

Spain's Tax Agency Delays Verifactu: Impact on Construction Companies

Spain's Tax Agency is delaying the Verifactu system until 2027, affecting the digitalization of processes for small and mid-sized businesses and freelancers, according to TeleCinco.

What happened

The government has decided to delay until 2027 the entry into force of Verifactu, an invoicing system aimed at freelancers and small and mid-sized businesses, according to TeleCinco. The delay was formalized through a royal decree approved this Tuesday, extending the deadline by one more year beyond what was originally planned.

The Verifactu system seeks to promote the digitalization of invoicing processes, a measure considered essential for modernizing the financial management of small companies. However, its implementation has been delayed, which could affect the planning of many small and mid-sized businesses.

The immediate context of this decision is the need to give companies more time to adapt to the technological changes that Verifactu entails. This delay can be seen as a breather for those companies that still rely on traditional management methods.

Why it matters to a construction company

For small and mid-sized construction companies, this delay means more time to adapt to digitalization without the pressure of an immediate change. Companies that still manage their projects with Excel and WhatsApp can keep operating without the new system for now.

The construction market is going through a modernization process, and the digitalization of invoicing processes is an inevitable step. However, the delay of Verifactu allows companies to better plan their transition to more advanced systems without compromising their current operations.

The practical consequence is that construction companies have the opportunity to assess their technology needs and prepare an action plan that lets them integrate Verifactu into their workflows more effectively when the time comes.

What changes in day-to-day site operations

With the delay, current workflows on construction sites will not change immediately. Construction companies can keep using their traditional methods for managing budgets, quantity takeoffs and payment certificates without the pressure of adapting to Verifactu.

Budget and purchasing management will continue to rely on familiar systems, which provides stability in project planning and execution. However, companies should start thinking about how they will integrate the new system in the future.

The first to notice the change will be the administration and finance departments, which will need to prepare for the eventual transition to a digitalized invoicing system, ensuring that data is handled efficiently and securely.

Specific cases

A construction company that currently handles its invoices manually can use this extra time to research digital solutions that integrate with Verifactu. This includes evaluating construction management software that makes the transition easier.

Other companies in the sector are already exploring software options that let them digitalize their processes gradually. Some have opted for pilot programs that help them identify which aspects of their management can benefit most from digitalization.

For the implementation of Verifactu to work, companies need a team willing to adapt to new technologies and processes. Training and planning are key to a successful transition.

Data and context

According to TeleCinco, the delay of Verifactu until 2027 gives small and mid-sized businesses an additional year to adapt. This figure is crucial for the strategic planning of companies that have not yet started their digital transition.

The trend in the construction sector is clear: digitalization is inevitable. However, the delay reflects that many companies still need time to adapt to these changes without affecting their daily operations.

What the data does not say is how prepared each individual company is for this change. The ability to adapt varies significantly from company to company, and each one must assess its own situation.

Risks and limits

One of the main risks is the cost associated with implementing new digital systems. Companies must assess whether the benefit of digitalizing their processes outweighs the initial investment and the possible integration costs.

In some cases, especially in very small companies, adopting Verifactu right away may not pay off. It is crucial that each company evaluates its ability to manage the change without compromising its financial stability.

Organizational risks include staff resistance to change and the need for training to use new systems. Companies must plan how they will address these challenges effectively.

What a company can do now

Companies can start by assessing their current processes and determining which areas would benefit most from digitalization. This analysis should include a review of the available technology tools that integrate with Verifactu.

Decision criteria should be based on the company's ability to manage change, the implementation cost and the expected benefit. It is important that decisions are made in an informed and strategic way.

The next realistic step is to take part in pilot programs or free trials of construction management software that let companies experiment with digitalization without committing right away. Bloqbase offers free pilots with real companies in the sector.

Sources

TeleCinco: https://www.telecinco.es/noticias/economia/20251202/hacienda-aplaza-entrada-verifactu-sistema-facturacion-autonomos-pymes_18_017753082.html

SourcesTeleCinco
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