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
