From 1 July 2024, businesses will face new procedures for the transmission of invoices (“e-invoicing”) and transaction data (“e-reporting”).
The application of one and/or the other procedure will depend on the place of establishment of the parties, the territoriality rules allowing to determine whether the transaction falls within the scope of application of French VAT, as well as the applicable invoicing rules.
The expected objectives of this reform are to provide the tax authorities with additional means of combating fraud, to reduce the administrative burden on businesses linked to invoicing, to make it possible to automatically pre-fill VAT returns and to have real-time information on the economic activity of businesses, enabling the authorities to implement economic actions.
Source tra.org
