Gespoint Translator complies with the Anti-fraud Law

 

 

 

Gespoint Software wants to inform you that our solutions will fulfil all the requirements that this law demands upon its entry into force. This is the law itself that will enter into force Ley de Medidas de Prevención y Lucha contra el Fraude Fiscal (Prevention and Control Measures Law against the Tax Fraud), published in the BOE on June 10th, 2021 and it will fight the new frauds methods related to the new technologies.

This is a large law that includes different ways to fight fraud, but we will focus on the regulations for accounting and invoicing programs.

 

I. What is the objective of this law?

II. How does this law affect the management software?

III. What is the double use software?

IV. What does the software have to check to fulfil the law?

V. What happens if the anti-fraud law is not fulfilled?

VI. What changes will Gespoint Software have?

VII. Will all of this affect me if I do not have the accounting module?

 

I. WHAT IS THE OBJECTIVE OF THIS LAW?

The objective is to discourage the fiscal and economic fraud of Spain.

 

II. HOW DOES THIS LAW AFFECT THE MANAGEMENT SOFTWARE?

This law wants to standardize the software to extinguish the double use of the software or the double accounting.

The law establishes the prohibition of the production, possession or commercialization of the ¨double use software¨ to fight the new fraud methods related to the new technologies. This ¨double use software¨ uses computer programs with which you can manipulate the accounting, and the offending companies can use this software to hide part of their activity.

 

III. WHAT IS THE DOUBLE USE SOFTWARE?

The double use software is every accounting and management program that allows you to have a double accounting system, and this is used to balance the accounts by hiding certain invoices or accounting movements, so they reduce the tax invoice.

 

IV. WHAT DOES THE SOFTWARE HAVE TO CHECK TO FULFIL THE LAW?

The programs and their manufacturers have to ensure the transparency, truthfulness, inalterability and tracking of movements and processes, and they have to avoid any fraud that fakes the company accounting.

 

V. WHAT HAPPENS IF THE ANTI-FRAUD LAW IS NOT FULFILLED?

Fines of different amounts have been established, from 1.000€ to 150.000€. These amounts will be valid for the companies that use this kind of program, and also for the manufacturer, depending on how they use it.

 

VI. WHAT CHANGES WILL GESPOINT SOFTWARE HAVE?

We will launch a new update of the program that will change the way of changing invoices and account entries on October 11th, 2021. This day agrees with the effective date of the law. New options of tracking will be added, so the program will register all the changes that you make in an invoice or accounting entry. We are going to inform you soon with a detailed manual about the new processes and functions of the program related to this aspect.

 

VII. WILL ALL OF THIS AFFECT ME IF I DO NOT HAVE THE ACCOUNTING MODULE?

The new law requires to keep a historical record of all the changes made in ¨records¨ and ¨transactions¨, not only in the accounting entries. Gespoint Translator will register all the changes of the invoices, payments, receivables, etc. even though you do not have the accounting module included.

 

FULFILLING THE FISCAL OBLIGATIONS IS EASIER WITH GESPOINT TRANSLATOR

We work every day to facilitate your business management.

 

We will avoid a lot of mistakes and problems that could cause the issue of credit notes with the proper procedure and professionalism that Gespoint Translator offers.

Do you want to know how Gespoint Translator solves this situation? Contact us!