- 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: facebook.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.
