- The Growth Opportunities Act mandates e-invoicing for B2B transactions in Germany starting January 1, 2025
- Businesses must use structured, machine-readable electronic invoices that comply with European Standard EN 16931
- Staggered compliance dates are set
- January 1, 2025 for taxable persons to accept e-invoices
- January 1, 2027 for most businesses to issue e-invoices
- January 1, 2028 for small businesses with annual turnover below 800,000 euros
- E-invoices can be created using XRechnung, ZUGFeRD, or other compatible standards
- Only compliant e-invoices will qualify for VAT deductions after the transition period
- Taxable persons must provide an email address for receiving e-invoices from 2025
- Non-compliance due to refusal or technical barriers will not exempt issuers from obligations
- Potential changes in EU-wide reporting requirements may require businesses to adapt to new regulations
- Special provisions are retained for public sector compliance, supporting digital transformation efforts
Source: rtcsuite.com
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.
