- Mandatory B2B and B2G E-Invoicing: Germany is moving towards mandatory electronic invoicing for all businesses, expanding from its existing B2G e-invoicing mandate. By January 1, 2025, all companies must be able to receive e-invoices, with mandatory issuance phased in by 2028 for all businesses.
- Implementation Timeline: The Growth Opportunities Act mandates that from January 1, 2025, companies must be able to receive e-invoices. By January 1, 2027, large companies (turnover over €800,000) must issue e-invoices, and by January 1, 2028, all companies must comply.
- E-Invoicing Standards: Germany’s B2B e-invoicing aligns with the European VAT in the Digital Age (ViDA) initiative, using the EN 16931 standard. Accepted formats include XRechnung and ZUGFeRD, ensuring consistency and compatibility across the EU.
- Process and Compliance: Germany uses the ZRE portal for B2G transactions, integrated with the PEPPOL network for B2B transactions. E-invoices must be archived for 10 years, but electronic signatures are not mandatory. Businesses can use third-party platforms for e-invoicing.
- Benefits of E-Invoicing: E-invoicing in Germany offers cost efficiency, improved accuracy, faster payment cycles, better compliance, and increased transparency. These benefits enhance cash flow, reduce errors, and ensure adherence to tax 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
