Agencia Tributaria (AEAT)

The Agencia Tributaria (AEAT), Spain's tax agency, is currently in the news due to two significant developments. Firstly, the AEAT anticipates a record-breaking tax revenue collection of €24.648 billion during the upcoming 2025 income tax campaign, an 18% increase compared to the previous year. This projection highlights the agency's role in managing and forecasting Spain's tax revenue. Secondly, the Spanish government, with the AEAT playing a key role, has approved a royal decree mandating electronic invoicing (e-invoicing) for business-to-business (B2B) transactions. This measure aims to reduce late payments, streamline payment processes, and enhance the competitiveness of Spanish businesses, particularly small and medium-sized enterprises (SMEs). The AEAT's involvement in both tax collection and the implementation of e-invoicing underscores its central role in Spain's economic and fiscal landscape.