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Legal Framework of E-Invoicing: Impact on Businesses under Growth Opportunities Act

  • The legal framework of E-invoicing
  • The Growth Opportunities Act was passed on 27.3.2024, with a key component being the introduction of E-invoicing
  • The background for the German legislature was the EU Commission’s proposal for modernizing the VAT system with ViDA
  • ViDA focuses on expanding electronic invoicing and introducing digital cross-border reporting requirements
  • The goal is to make the VAT system more efficient and resistant to fraud through digitalization.

Source: datenbank.nwb.de

Note that this post was (partially) written with the help of AI. It is always useful to review the original source material, and where needed to obtain (local) advice from a specialist.

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