Spain's Verifactu Law Forces Hash-Chained Invoices on Businesses by 2027
Spain's Verifactu regulation requires every invoice issued by software to generate a SHA-256 hash-chained record, with each entry linking to the previous one in a permanent, uneditable chain per tax ID. Deadlines were pushed back by Royal Decree RD-ley 15/2025, now set for January 1, 2027 for companies and July 1, 2027 for sole traders, though software vendors have been liable since July 2025. Cancellations and corrections do not delete records but instead add new record types to the same chain, and printed invoices must carry a QR code with verification data. The sequential nature of the chain creates backend concurrency challenges, and failed submission retries risk duplicating records or breaking the chain, which requires procedural rather than technical remediation. Businesses selling invoicing software to third parties face fines of up to €150,000 per year per non-compliant product under Article 201 bis of Spain's general tax law.
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