- The German Ministry of Finance (BMF) has released a draft document outlining the principles for the application of the new e-invoicing system starting January 1, 2025.
- From January 1, 2025, there will be a legal obligation, with transitional arrangements, to use structured electronic invoices for certain transactions.
- This obligation will significantly impact (almost) all entrepreneurs.
- The final BMF document is expected to be published at the beginning of the 4th quarter of 2024.
- The Growth Opportunities Act introduces the national obligation to use structured electronic invoices for transactions between domestic entrepreneurs starting January 1, 2025.
- Various transitional arrangements are provided under § 27 Abs. 38 UStG for issuing and transmitting e-invoices.
- Key unchanged regulations include:
- Entrepreneurs are generally entitled to invoice for services performed under § 1 Abs. 1 Nr. 1 UStG.
- Entrepreneurs are required to invoice in certain cases if the transaction is not tax-exempt under § 4 Nr. 8
- 29 UStG.
- Invoicing must occur within 6 months of service performance if required.
- Guidelines on the authenticity, integrity, and readability of invoices remain unchanged.
- Requirements for ensuring the authenticity and integrity of electronic invoices remain unchanged.
- Content requirements for invoice details remain unchanged.
- The possibility of invoicing through credit notes under certain conditions remains unchanged.
Source: haufe.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.
