Draft law on E-Invoicing published

As of page 237

• The draft law discusses a change to the Value Added Tax Act regarding electronic invoices (e-invoices).
• Currently, paper invoices have priority over e-invoices, and e-invoices can only be used with the recipient’s consent.
• However, the introduction of mandatory e-invoicing is necessary for the later introduction of transaction-based reporting of transactions in the B2B sector.
• By mandating e-invoicing, the process for businesses can be streamlined and digitalization opportunities can be promoted.
• The use of e-invoicing can simplify internal invoice processing and reduce bureaucracy.
• Additionally, errors in manual data entry can be avoided through the seamless transmission of invoice data. The introduction of mandatory e-invoicing is intended to allow businesses to benefit from e-invoicing early on and to stagger the necessary technical and organizational adjustments for both mandatory e-invoicing and the reporting system.
• The draft law also discusses the definition of an e-invoice and the conditions under which it can be used.

Source bundesfinanzministerium

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