ZUGFeRD (Zentraler User Guide des Forums elektronische Rechnung Deutschland) evolved from the Forum elektronische Rechnung Deutschland and enables small and medium-sized business to exchange their invoices rapidly and digitally with their business partners/suppliers. All the general benefits of e-invoicing such as automatic processing, cost reduction and the elimination of material and postage costs were thus addressed.
The hybrid invoice format, the ZUGFeRD invoice, is now well-established in B2B and is the most commonly used type of e-invoice. The main benefit of ZUGFeRD invoices is that the invoices are issued both as PDF-A/3 files (visible to humans in a readable format) and as structured invoices (as XML file for computers).
Source inposia.com
Latest Posts in "Germany"
- Flashback on ECJ cases C-291/92 (Finanzamt Uelzen/Armbrecht) – Private-use part of mixed-use property falls outside VAT
- Factur-X and ZUGFeRD, a technical overview
- Germany Signals the Future of Tax Administration: A 26‑Point Action Plan Built on the E‑Invoice
- Complying with Germany’s E-Invoicing Mandate Without an Expensive ERP
- Briefing document & Podcast: Germany E-Invoicing & E-Reporting
