The Law Creates and Grows: implications and affected

Yesterday we attended an event on the Create and Grow Law projectorganized by the Digital Alliance 2030 Foundation and in collaboration with ATREVIA. During the conference, the object of the law, business delinquency and the improvement of tax management in SMEs through the Electronic bill.

The opening of the event was carried out by Elena Aparici Vazquez de PargaGeneral Director of Economic Policy of the Ministry of Economic Affairs and Digital Transformation; David Cierco, executive director of Alianza Digital 2030 and Asuncion SorianoCEO of ATREVIA.

Aparici gave us some approximations about when will this law be ready, and this week it will be approved in the Congress of Deputies. The directive indicated that this project derives from an ambitious plan, which arises from the Recovery, Transformation and Resilience Plan, linked to European funds. «Within these reforms, the aim is to reduce the barriers to the creation of companies and for them to grow to be more resilient and competitive”. «PIn order to achieve this boost for business dynamism, growth and development, as well as to facilitate the liquidation of companies, we want to promote three laws: the Startups Law, the law for the creation and growth of companies and the Create and Grow Law».

With all of them, the Administration seeks, on the one hand, encourage and facilitate the creation of new businesses. For example, the 3,000 euros of minimum share capital, which is now necessary, will be removed. Another goal is to encourage the use CIRCE(Information Center and Business Creation Network) through which all business creation bureaucracy can be processed electronically.

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“In the end, what we are looking for is to reduce the obstacles to the appearance of new businesses in our country, both at a regulatory and normative level, as well as to provide all procedures with transparency”. With these words, Aparici wanted to highlight that the new Create and Grow law is not related to the mandatory nature of electronic invoicing, although it occupies a prominent role.

The electronic invoice, more than an obligation

During the day we also had the opportunity to listen to Javier López, CEO of SERES, who gave us a review of the curious origins of electronic invoicing, its implementation in other countries and the advantages it will have for companies that do not yet use it. «LDigitization should not be the goal, but the meansLopez said.

A round table was then held with the participation of Albert Roundpresident of the AMETIC Public Sector Commission and Miguel Tailor Riestra, Deputy Director of Information Technologies of the State Tax Administration Agency (AEAT).

Sastre Riestra explained that the regulatory framework is being developed, which is also very focused on the fight against fraud and the search for digitization. He also indicated that a software adaptation will be necessary (electronic billing will have to be added) and secure billing records, according to the training development of the Tax Agency.

“The regulation will be approved in September or October, then the ministerial order will appear for the technical aspects and, finally, its entry into force.” «The software manufacturer will have 9 months to adapt, as of the ministerial order, while for companies It will be mandatory in the summer of 2024.

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