- The German Government has proposed the Wachstumschancengesetz (Growth Opportunities Act), which includes amendments to the German VAT Act.
- One of the most significant changes is the introduction of mandatory electronic invoicing for certain B2B transactions.
- The new e-invoices will be governed by European standards and will be compulsory if both the supplier and customer are established in Germany.
- Other amendments include reducing bureaucracy for small businesses under Section 19 of the German VAT Act. The draft law is subject to change, but the mandatory e-invoicing is set to come into force in 2025.
Source PwC
