- Germany is moving towards mandatory e-invoicing, with a start date set for 1 January 2025 for B2B transactions within the country
- The European Commission’s VAT in the digital age initiative includes a mandate for e-invoices, aiming to reduce VAT fraud through real-time reporting
- The German Federal Ministry of Finance has released a draft and finalized regulations under the Growth Opportunities Act
- A recent circular from the Ministry aims to answer remaining questions about the e-invoicing requirement
- E-invoices in Germany must be in a format like XRechnung or ZUGFeRD from version 2.0.1, which comply with European standards or are interoperable with them
- All domestic companies in Germany must be prepared to receive e-invoices by the start of 2025
- Companies are advised to integrate e-invoicing into their systems immediately to comply with the upcoming regulations and avoid issues with tax deductions
- The definition of an electronic invoice in Germany will be updated in the Value Added Tax Act to mean an invoice that is issued, transmitted, and received in a structured format allowing electronic processing
Source: dlapiper.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.
