- Transition to E-Invoicing: Germany is moving from paper invoices to electronic invoicing, with federal authorities set to introduce e-invoicing systems for non-governmental business transactions starting January 2025.
- Mandatory E-Invoicing for B2G: E-invoicing is already mandatory for transactions between businesses and government organizations (B2G) since November 2020, aligning with the EU Directive 2014/55/EU. These e-invoices must follow the structured XRechnung (XML) format.
- Expansion to B2B Transactions: By 2025, B2B businesses in Germany will be required to send and receive e-invoices. Large businesses with over €800,000 turnover will have to comply by 2027, and full integration of e-invoicing into ERP systems is expected by 2028.
- Steps for SMEs Transition: German SMEs should familiarize themselves with legal requirements, implement compliant e-invoicing solutions (e.g., XRechnung or ZUGFeRD formats), provide employee training, test the software before full implementation, and collaborate with reliable e-invoice solution providers.
- Benefits of E-Invoicing: E-invoicing offers numerous advantages, including cost savings, improved cash flow management, streamlined administrative efforts, reduced carbon footprints, enhanced data protection and security, and better compliance with legal regulations.
Source Storecove
See also
- E-Invoicing/Real Time Reporting – What can you find on VATupdate.com
- Worldwide Upcoming E-Invoicing mandates, implementations and changes – Chronological
- Collection of E-Invoicing Guides – Worldwide – VATupdate
- Join the Linkedin Group on Global E-Invoicing/E-Reporting/SAF-T Developments, click HERE
